New Zealand: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in New Zealand

In 2020, the New Zealand acyclic hydrocarbons market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, the total consumption indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Acyclic hydrocarbons consumption peaked at $X in 2019, and then dropped rapidly in the following year.

Acyclic Hydrocarbons Production in New Zealand

In value terms, acyclic hydrocarbons production dropped rapidly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2019, and then shrank notably in the following year.

Acyclic Hydrocarbons Exports

Exports from New Zealand

In 2020, approx. X tons of acyclic hydrocarbons were exported from New Zealand; shrinking by -X% on 2019 figures. Overall, exports showed a noticeable descent. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, acyclic hydrocarbons exports fell sharply to $X in 2020. In general, exports enjoyed a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then reduced remarkably in the following year.

Exports by Country

Japan (X tons) was the main destination for acyclic hydrocarbons exports from New Zealand, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at +X%.

In value terms, Japan ($X) also remains the key foreign market for acyclic hydrocarbons exports from New Zealand.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%.

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, waning by -X% against the previous year. In general, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The export price peaked at $X per ton in 2019, and then contracted dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2007 to 2020, the rate of growth in terms of prices for Japan amounted to +X% per year.

Acyclic Hydrocarbons Imports

Imports into New Zealand

Acyclic hydrocarbons imports into New Zealand surged to X tons in 2020, rising by X% compared with the previous year. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons imports soared to $X in 2020. Overall, total imports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Singapore (X tons) constituted the largest supplier of acyclic hydrocarbons to New Zealand, with a X% share of total imports. Moreover, acyclic hydrocarbons imports from Singapore exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), fourfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Singapore stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and South Korea (+X% per year).

In value terms, Singapore ($X), the U.S. ($X) and South Korea ($X) appeared to be the largest acyclic hydrocarbons suppliers to New Zealand, with a combined X% share of total imports. Thailand lagged somewhat behind, comprising a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price saw a mild downturn. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :