New Zealand: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in New Zealand

In 2021, after two years of decline, there was significant growth in the New Zealand acid and mordant dye market, when its value increased by 59% to $X. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. Acid and mordant dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from New Zealand

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were exported from New Zealand; growing by 164% on 2020 figures. Overall, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of 267% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, acid and mordant dye exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 263%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X kg), Australia (X kg) and Cook Islands (X kg) were the main destinations of acid and mordant dye exports from New Zealand, with a combined 93% share of total exports. Samoa, Tonga and the United States lagged somewhat behind, together comprising a further 6.5%.

From 2012 to 2021, the biggest increases were recorded for Tonga (with a CAGR of +108.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Australia ($X) and Cook Islands ($X) were the largest markets for acid and mordant dye exported from New Zealand worldwide, with a combined 93% share of total exports. Samoa, Tonga and the United States lagged somewhat behind, together comprising a further 6.6%.

Tonga, with a CAGR of +122.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, picking up by 5.8% against the previous year. In general, the export price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, among the top suppliers, the countries with the highest prices were Tonga ($X per ton) and Samoa ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) and Cook Islands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into New Zealand

In 2021, purchases abroad of acid and mordant dyes and preparations based thereon increased by 41% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a deep reduction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, acid and mordant dye imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of acid and mordant dye to New Zealand, accounting for a 40% share of total imports. Moreover, acid and mordant dye imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.5% per year) and the United States (+9.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to New Zealand, comprising 40% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.6% per year) and the United States (+4.0% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acid and mordant dye import price increased by +46.9% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 39%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, among the top importers, the countries with the highest prices were the UK ($X per ton) and the Netherlands ($X per ton), while the price for Indonesia ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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