New Zealand played a notable role in the global tapioca starch market in 2021, both as an exporter and importer.
New Zealand’s Tapioca Starch Exports
In 2021, New Zealand exported tapioca starch valued at $8.88k, ranking it as the 69th largest exporter of tapioca starch worldwide. Although tapioca starch was the 3539th most exported product from New Zealand, the export value demonstrates New Zealand’s active participation in the global market.
The primary destinations for New Zealand’s tapioca starch exports were Australia, Cook Islands, French Polynesia, Vanuatu, and Fiji. Australia stood out as the main importer, accounting for a significant portion of the exports with a value of $4.5k. Cook Islands, French Polynesia, and Vanuatu also emerged as noteworthy importers, albeit on a smaller scale.
New Zealand’s Tapioca Starch Imports
In 2021, New Zealand imported tapioca starch worth $1.29M, positioning it as the 40th largest importer of tapioca starch globally. Although tapioca starch ranked as the 2246th most imported product in New Zealand, the import value highlights New Zealand’s reliance on international sources to meet domestic demand.
Thailand emerged as the primary source of tapioca starch imports for New Zealand, contributing imports valued at $1.07M. Tonga, Indonesia, Australia, and Vietnam were also significant contributors to New Zealand’s tapioca starch imports, with respective import values of $107k, $62.5k, $16.6k, and $13.9k.
New Zealand experienced notable growth in its import markets for tapioca starch between 2020 and 2021, primarily driven by increased imports from Tonga, Indonesia, and Australia. Tonga exhibited exceptional growth, contributing to imports valued at $62.8k, while Indonesia and Australia showcased import growth of $24.5k and $15.8k, respectively.
Tapioca Starch Tariffs in New Zealand
In 2017, the average tariff for tapioca starch in New Zealand was recorded at 3.62%. New Zealand maintained relatively low tariffs on tapioca starch imports, fostering an open trade environment. The countries with the highest import tariffs for tapioca starch in New Zealand were Botswana, Cote d’Ivoire, Cameroon, Republic of the Congo, and Algeria, all imposing a Most Favoured Nation duty rate treatment of 5%.
Importing Tapioca Starch from Vietnam
Vietnam is an important supplier of tapioca starch to the New Zealand market. In 2021, the value of tapioca starch imports from Vietnam was $13,928, highlighting Vietnam’s strong position. The reasons for this successful importation are the high quality and competitive pricing of Vietnam’s tapioca starch.
New Zealand benefits from Vietnam’s tapioca starch exports, which provide a reliable supply of this important ingredient. The significant import value emphasizes New Zealand’s trust in Vietnam as a preferred partner for meeting its tapioca starch needs. Vietnam’s tapioca starch consistently meets New Zealand’s demand due to its reliable quality and competitive pricing.