Super-charged growth in international visitor numbers has started to fade

Wednesday October 10, 2018 Mark Cox
super charged growth3

Between 2014 and 2017, the rapid growth in the number of international visitors was a significant factor in the relatively rapid growth in the New Zealand economy. However, there is now clear evidence that the rate of growth has slowed considerably, and this is likely to contribute to the expected slowing of overall economic growth in 2018.

Lions bump hides steady increase in June guest nights

Monday August 20, 2018 Merewyn Groom

Typically a quiet month for short-term commercial accommodation, June 2018 international guest nights fell 8.2 percent compared with the month of June 2017. However, this seemingly sour news is deceptive. Last year saw the very successful tour of the British and Irish Lions rugby team which brought thousands of wintertime visitors to New Zealand to attend the games and have a holiday. We saw a similar impact on New Zealand guest nights from the previous Lions tour 11 years ago.

Kiwifruit exports set new high in May 2018

Saturday June 30, 2018 Hugh Dixon
graph 02 07 18 kiwi 2

For the New Zealand Kiwifruit industry May is the peak of the export season and in May 2018 there were just over 103 million kilograms of kiwifruit exported worth $414 million. This is up from the previous year when 101 million kilograms of kiwifruit were exported, but still below the current record 105 million kilograms set in May 2016.

Aggregation Limits on fishing quota

Thursday June 21, 2018 Julian Williams

Are aggregation limits on fishing quota under s59 of the Fisheries Act (1996) fit for purpose? This question interests us all, including : commercial fishing companies; small fishers; Māori iwi quota holders; recreational fishers; and of course, the government.

More visitors spending less

Sunday April 08, 2018 Mark Cox
graph 09 04 2

There were 3,733,707 international visitors to NZ in 2017. This was up from 3,499,939 in 2016; an increase of 6.7%. Disappointingly, however, visitor spending increased by only 4.7%; from $10,086 million in 2016, to $10,563 million in 2017.

New Zealand trading partners

Sunday March 25, 2018 Hugh Dixon
graph 26 03 01 edited2

As of June 2017, New Zealand was reliant on three trading partners for 48 percent of our merchandise trade. These three partners are China with 20 percent of our trade, Australia and the European Union (EU), both with 14 percent.

Sky’s the limit for Mānuka honey

Friday January 19, 2018 Sam Green

Honey has been popular for thousands of years. Celebrated as one of the few foods that never goes bad, the uses of honey have ranged from being a base for ancient Egyptian ointments to a family favourite to be spread on toast for breakfast.

Wet winter doesn’t stop the tourists.

Thursday October 19, 2017 Sam Green

It has been a long damp winter but that has not dented our tourism numbers with visitors flocking to (almost) 100% pure New Zealand. With the August visitor numbers released, rounding out the winter months, we can finally see if the rain, wind and countless landslips have made foreign travellers reconsider their plans.

Export sector rises outnumber falls

Sunday September 24, 2017 Dr Ganesh Nana
graph 6

Revenue from New Zealand’s goods exports are picking up the pace after a prolonged flat period. Over 24 months from early 2015, merchandise export revenue struggled to budge from around an annual total of $46bn.

Not much room at the inn

Wednesday September 06, 2017 Mark Cox
graph 5

In the last year or two, some people connected to the tourism industry have talked about how high the activity levels seen in the summer months have extended into the spring and autumn months. They talk about the shoulder season extending.

Some bright spots in a difficult trading year

Monday May 22, 2017 Dr Ganesh Nana

The year to March was disappointing in terms of revenue from New Zealand’s merchandise exports.  The total of $46.9bn just pipped the $46.5bn of the previous year, but was well down on the peak $49.3bn for the 12 months to September 2014. However, within this static total are components that are painting a dynamic picture of NZ’s export scene.

New Zealand merchandise exports declined in 2016

Monday May 08, 2017 Hugh Dixon

In the year to December 2016 New Zealand exported $48.5 billion in merchandise exports, this was down from $49 billion exports in 2015, and the $50.1 billion exports in 2014. As shown in the figure below New Zealand exports have grown by $19.2 billion since 2000, when $29.3 billion worth of goods was exported.

Non-Tariff Barriers to Free Trade

Monday August 15, 2016 Hugh Dixon

In early August New Zealand received a warning notice from China as a result of inspections in China detecting the fungus Neofabraea actinidiae in a shipment of Kiwifruit. This notice has brought about a halt to shipments of Kiwifruit to China, until Zespri can set up more stringent pre-shipment measures.

Dairy farmers riding the milk pay-out roller-coaster

Wednesday September 24, 2014 Mark Cox

The Fonterra Annual Review 2013, which was published alongside its Annual Report on 24 September 2014, confirmed that 2013/14 had been a bumper season, with a final pay-out of $8.40/kg of milk solids. However, at the same time it forecast a pay-out of just $5.30/kg of milk solids for the 2014/15 season.

Dairy prices fall

Thursday August 14, 2014 Masrur Alam Khan

The GDT Price Index has fallen by 8.4 percent during the last GlobalDairy Trade auction on the 5th of August.  More worrying the figure below reveals that the weighted average wining price has plummeted to 3,025 USD/MT (US dollars per mega tonne) from its record high of 5,042 USD/MT set in February this year.  

Flat manufacturing sales volumes in the third quarter

Friday December 13, 2013 Fiona Stokes

In our previous commentary on manufacturing we noted that the first half of 2013 was looking positive for manufacturing. Now the numbers are in for the third quarter of 2013, and we can see the impact that the warm, dry conditions at the beginning of the year has had on manufacturing sales volumes, and in turn the amount of New Zealand meat and dairy products on the international market.

Manufacturers welcome softening of the NZ$, but weak demand remains

Wednesday September 11, 2013 Fiona Stokes

In our previous commentary on manufacturing we noted that the first quarter of 2013 was looking positive for manufacturing. Now the numbers are in for the second quarter of 2013, and we can see the impact that the warm, dry conditions at the beginning of the year has had on manufacturing sales volumes, and in turn the amount of New Zealand meat and dairy products on the international market.

NZ Manufacturers and Exporters Association remain concerned

Friday April 19, 2013 Fiona Stokes

Members of the New Zealand Manufacturers and Exporters Association remain concerned about markets and production capacity, especially pressures on company margins due to the currency. These sentiments have seen net confidence decrease among the businesses surveyed in the latest New Zealand Manufacturers and Exporters Association Survey of Business Conditions.

January trade back to the red zone

Friday March 01, 2013 Dr Amapola Generosa

Monthly trade registered a $304 million deficit in January 2013, following a surplus in December 2012. The decrease in monthly exports of dairy and crude oil, and the renewed strength in imports caused this return to the red zone.

More of the same in manufacturing

Friday December 21, 2012 Fiona Stokes

The annual average percentage change in manufacturing sales volumes recorded small but positive growth in the September 2012 quarter. This was due to an increase in the sales volumes of dairy and meat products, chemicals and non-metallic mineral products.

Trade deficit balloons further

Tuesday December 11, 2012 Dr Amapola Generosa

The October trade deficit declined from $775 million in the previous month to $718 million in October 2012, but remains well above the $226 million deficit in the same month in the previous year. The annual deficit has ballooned to $1.37 billion, from a deficit of $874 million a year ago.

Annual trade flows heads for a dive

Monday November 05, 2012 Dr Amapola Generosa

September trade figures is a mixed bag of good and bad news. The good news is, the monthly trade defict narrowed, with dairy exports holding up. The bad news is, annual receipts from exports and trade volume are getting lighter.

Weak trade surplus in July

Tuesday August 28, 2012 Dr Amapola Generosa

July was positive month for New Zealand trade, with a slight trade surplus of $15 million. Yet, our trade deficit increased from $756 million in June to $825 million this month based on annualised values.

A positive month for external trade

Friday July 27, 2012 Dr Amapola Generosa

A surge in dairy and forestry exports contributed to a strong monthly surplus of $331m.  June figures showed a 25% increase in forestry export volumes and an 8% increase in dairy exports.  However, monthly figures are prone to erratic movements – depending on holidays, shipping timetables and the like.

Trade deficit balloons further

Monday July 16, 2012 Dr Amapola Generosa

New Zealand's trade deficit is ballooning further, as exports continue to struggle and imports continue to increase. The annual deficit for the year to May was $801 million, up $248 million from the deficit for the year to April.

Trade figures head into red

Friday May 25, 2012 Dr Amapola Generosa

A slide in commodity prices and softer demand from China and Australia has led to lower export receipts in April 2012. The latest official trade figures signal weakness in the external sector, with the trade surplus for the month falling to $355 million.

Trade performance deteriorates

Tuesday May 08, 2012 Dr Amapola Generosa

March 2012 trade figures indicate a fall in the value of exports compared to year-earlier levels. Exports were valued at $4.2bn in March, down from $4.6bn in March 2011. Flagship exports such as dairy, crude oil and fruits all recorded lower export revenue this March.

Visitor numbers continue to grow - but are they the right visitors?

Thursday April 26, 2012 Hugh Dixon

While the increasing number of total overseas visitors is good news for our tourism sector, the largest gains in visitor numbers are coming from Australia (up 56,300) and China (up 30,700). While Australia represents our largest visitor market with 45 percent of all visitors in the year to March 2012, Australians tend to spend small amounts when travelling in New Zealand. 

Meat processing in the lock-out affected areas

Monday March 05, 2012 Kelly Dustow

Last week, AFFCO locked out 762 workers indefinitely after talks between AFFCO and the NZ Meat Workers Union broke down. The 762 workers are said to represent 70 percent of the meat workers across Moerewa, Horotiu, Imlay, Wairoa and Manawatu plants.

Average start to 2012 for manufacturing

Monday February 27, 2012 Fiona Stokes

The New Zealand Manufacturers and Exporters Association Survey of Business Conditions indicate that domestic manufacturing sales decreased by less than half a percent in December 2011 compared to December 2010, while manufacturing export sales increased by 15.4%.