What is the price of margarine per kilogram/pound in New Zealand today?
The retail price range for New Zealand margarine is between US$ 5.54 and US$ 14.45 per kilogram or between US$ 2.51 and US$ 6.55 per pound(lb). Click here to see today's exact prices of margarine in New Zealand
The retail price range in New Zealand Dollar for margarine is between NZD 8.81 and NZD 22.99 per kilogram or between NZD 3.99 and NZD 10.43 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand margarine is between US$ 3.88 and US$ 10.11 per kilogram or between US$ 1.76 and US$ 4.59 per pound(lb).
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New Zealand Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from New Zealand over the last five years has seen a steady decline. In 2011, the price was 3.52 US dollars per kg, and by 2021, it had dropped to 1.92 US dollars per kg. The lowest price was seen in 2015, when it was 2.00 US dollars per kg. In 2019, the price increased to 2.08 US dollars per kg, but it has since dropped again to 2.01 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of Margarine from New Zealand in 2023 will be 1.90 US dollars per kg, and in 2024, it will be 1.88 US dollars per kg.The New Zealand margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
New Zealand Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into New Zealand over the last five years has been relatively stable. In 2017, the price was $1.91, followed by $1.79 in 2018, $2.08 in 2019, $2.01 in 2020 and $1.92 in 2021. This indicates that the price has been fluctuating between $1.79 and $2.08 over the last five years. Looking ahead, we can predict that the import price per kilogram of Margarine into New Zealand in 2023 will be around $2.01 and in 2024 will be around $1.92.Export values for New Zealand margarine
The total values in export for margarine in New Zealand were US$ 4,718, US$ 5,534, US$ 5,865 and US$ 7,865 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of margarine in other countries across Oceania: Fiji margarine, French Polynesia margarine, Guam margarine, Micronesia margarine, New Caledonia margarine, Papua New Guinea margarine, Samoa margarine, Solomon Islands margarine, Tonga margarine & Vanuatu margarine.
New Zealand margarine - Production, Exports, Imports, Seasons and HS Codes
The quantity of margarine exported by New Zealand in 2020 was 2,835 metric tons. In 2019 New Zealand shipped 3,789 tonnes of margarine. For the year 2019 alone, the market for New Zealand margarine (processed category) has escalated, changing by 15.589 pc compared to the year 2018. Between 2017 and 2019, margarine's exports grew by 30.88 percent earning New Zealand US$7.86m for the year 2019. New Zealand's margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
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New Zealand margarine export values
In 2019, New Zealand supplied margarine with a value of 7.86m USD, an increment of 34.02% from 2018's total margarine export of 5.865m USD. The annual change in value of New Zealand margarine between 2017 to 2018 was 5.981%.
The per year variation in the volume of New Zealand's margarine exports between 2017 and 2019 was 30.88 percent compared to a variation of 15.589% in the period between 2018 and 2019.
New Zealand's portion of the world's total margarine's exports in 2019 was less than 1%. New Zealand is ranked position 46 in world exports of margarine.
Export markets for New Zealand margarine ( in '000$ )
New Zealand's leading export markets for margarine are South Korea, Fiji, Jordan, Australia and United Arab Emirates (UAE).
Import/Export Trends
New Zealand is a net exporter of margarine. The annual growth of New Zealand margarine in value between 2015 to 2019 was -36%, per year, while annual growth in quantity through the same period was -30%, per annum.
New Zealand brought in 5,200 tonnes of margarine in 2019.