Place des Anges was set to be performed at Auckland Domain from 13-15 March as part of the 2020 festival.
Auckland Arts Festival chief executive David Inns said freight had become a global issue with reduced air cargo space, cancelled flights and skyrocketing prices.
"We have now exhausted all options and today made the very difficult decision to cancel Place des Anges. Like the performers, we are all very disappointed that we are no longer able to present this very special show in Auckland.
"The cost to bring the freight to New Zealand for the show have escalated over the weeks to the point where it is now no longer feasible for the ongoing financial viability of the Festival."
Auckland Festival Trust chair John Judge said the Festival Board found cancellation was the only option.