New Zealand: Abs Copolymers Market 2024

Abs Copolymers Market Size in New Zealand

The New Zealand ABS copolymers market soared to $X in 2021, increasing by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Abs Copolymers Exports

Exports from New Zealand

For the third consecutive year, New Zealand recorded growth in shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which increased by 4.6% to X tons in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 122% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ABS copolymers exports expanded notably to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 130% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the main destinations of ABS copolymers exports from New Zealand, with a combined 46% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +52.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from New Zealand, comprising 32% of total exports. The second position in the ranking was taken by Australia ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+19.6% per year) and Hong Kong SAR (+27.7% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, with an increase of 8.3% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.9%), while the prices for the other major destinations experienced a decline.

Abs Copolymers Imports

Imports into New Zealand

In 2021, approx. X tons of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were imported into New Zealand; with an increase of 26% against the previous year. Overall, imports, however, showed a perceptible shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ABS copolymers imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of ABS copolymers imports to New Zealand, with a combined 70% share of total imports. Thailand, Saudi Arabia, Spain and Australia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers suppliers to New Zealand were South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X), together accounting for 73% of total imports. These countries were followed by Thailand, Saudi Arabia, Spain and Australia, which together accounted for a further 11%.

Among the main suppliers, Spain, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, jumping by 39% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Australia ($X per ton) and South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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