New Zealand: Plaster Article Market 2024

Plaster Article Market Size in New Zealand

After two years of decline, the New Zealand plaster article market increased by 38% to $X in 2021. Over the period under review, consumption recorded a strong expansion. Plaster article consumption peaked in 2021 and is expected to retain growth in the near future.

Plaster Article Exports

Exports from New Zealand

In 2021, overseas shipments of articles of plaster or of compositions based on plaster were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 66%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, plaster article exports soared to $X in 2021. Overall, exports, however, recorded a noticeable decline. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for plaster article exports from New Zealand, with a 52% share of total exports. Moreover, plaster article exports to Fiji exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was held by Cook Islands (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji amounted to +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-0.4% per year) and Cook Islands (+15.6% per year).

In value terms, Fiji ($X) remains the key foreign market for plaster article exports from New Zealand, comprising 49% of total exports. The second position in the ranking was taken by Australia ($X), with a 24% share of total exports. It was followed by Cook Islands, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Fiji stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-6.7% per year) and Cook Islands (+6.8% per year).

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, surging by 24% against the previous year. Overall, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Caledonia ($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 Papua New Guinea (-3.4%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in supplies from abroad of articles of plaster or of compositions based on plaster, when their volume increased by 51% to X tons. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 70% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, plaster article imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), Thailand (X tons) and China (X tons) were the main suppliers of plaster article imports to New Zealand, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of plaster article to New Zealand, comprising 66% of total imports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.9% per year) and China (+1.8% per year).

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, falling by -10.7% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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