New Zealand: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in New Zealand

In 2022, the New Zealand articles of fiber cement market increased by 12% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed resilient growth. Articles of fiber cement consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in New Zealand

In value terms, articles of fiber cement production reduced rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from New Zealand

For the fifth consecutive year, New Zealand recorded decline in overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by -49.9% to X tons in 2022. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 399% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports declined dramatically to $X in 2022. In general, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 231%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tuvalu (X tons), Cook Islands (X tons) and Maldives (X tons) were the main destinations of articles of fiber cement exports from New Zealand, together accounting for 50% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tuvalu (with a CAGR of +1,946.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for articles of fiber cement exported from New Zealand were Tuvalu ($X), Maldives ($X) and Tonga ($X), together comprising 55% of total exports.

In terms of the main countries of destination, Tuvalu, with a CAGR of +5,528.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, rising by 52% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement export price increased by +95.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 54%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tuvalu (+175.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into New Zealand

Articles of fiber cement imports into New Zealand reached X tons in 2022, increasing by 3.6% on 2021. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 161%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 199%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of articles of fiber cement to New Zealand, accounting for a 74% share of total imports. Moreover, articles of fiber cement imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+219.2% per year) and China (+9.0% per year).

In value terms, Australia ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to New Zealand, comprising 74% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+240.3% per year) and China (+16.2% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, increasing by 14% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement import price increased by +40.6% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Thailand ($X per ton), while the price for Australia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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