New Zealand's export prices jumped 3.0 percent quarter-on-quarter in the three months to December 2019, following a revised 1.7 percent growth in the previous period and easily beating market expectations of 1.0 percent. Export prices for meat, including beef and lamb, rose 9.7 percent to their highest level on record and wood export prices increased 8.2 percent, partly recovering from falls in the previous two quarters. On the other hand, dairy prices dropped 2.4 percent driven by an 11 percent fall in butter prices.
Export Prices in New Zealand averaged 580.08 points from 1950 until 2019, reaching an all time high of 1269 points in the fourth quarter of 2008 and a record low of 85.30 points in the first quarter of 1950. This page provides - New Zealand Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Export Prices - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics New Zealand
Export Prices in New Zealand is expected to be 1202.98 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Export Prices in New Zealand to stand at 1201.20 in 12 months time. In the long-term, the New Zealand Export Prices is projected to trend around 1203.81 points in 2021 and 1203.19 points in 2022, according to our econometric models.