Investor Presentaiton
New Zealand exports.
Economics
Commodity price strength expected to be sustained, services exports recovery in train.
NZ export commodity prices (index)
Farmgate milk price ($/kg Ms)
Index = 100 in 1986
Index = 100 in 1986
450
450
$/kg Ms
12
400
400
10
350
350
300
300
8
250
250
6
200
200
150
150
4
100
100
2
50
Dairy
Forestry products
-Meat, skins and wool
50
0
0
0
T
T
T
T
ד
2001
2005
2009
2013
2017
2021
2003
2006
2009
Source: ANZ
Source: Fonterra, Westpac Economics
International visitor numbers ('000)
'000
400
300
200
100
2015
мими
2017
Source: Stats NZ, Westpac Economics
$/kg Ms
Forecast
12
10
8
6
4
2
0
T
T
T
2012
2015
2018
2021
2024
New Zealand dollar (index)
'000
NZD exchange rate
Forecast
400
1.00
0.90
300
0.80
0.70
200
0.60
0.50
100
0.40
NZD/USD (Ihs)
-NZD/EUR (Ihs)
-TWI (rhs)
0
0.30
2019
2021
2023
2005
2010
2015
Sources: RBNZ, Westpac Economics
121
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Index
85
Forecast
80
75
70
65
60
55
50
2020
2025
Westpac GROUPView entire presentation