New Zealand: Basic Dye Market 2024

Basic Dye Market Size in New Zealand

The New Zealand basic dye market surged to $X in 2021, increasing by 67% 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). Overall, consumption, however, showed a mild descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Exports

Exports from New Zealand

In 2021, the amount of basic dyes and preparations based thereon exported from New Zealand surged to X tons, increasing by 123% against the previous year's figure. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, basic dye exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. 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 basic dye exports from New Zealand, accounting for a 71% share of total exports. Moreover, basic dye exports to Fiji exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The third position in this ranking was held by Samoa (X kg), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Fiji totaled +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.6% per year) and Samoa (-18.9% per year).

In value terms, Fiji ($X) emerged as the key foreign market for basic dyes and preparations based thereon exports from New Zealand, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Samoa, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Fiji stood at +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.1% per year) and Samoa (-17.8% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, rising by 2.6% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Cook Islands ($X per ton) and Vanuatu ($X per ton), while the average price for exports to the United States ($X per ton) and Fiji ($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 Vanuatu (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into New Zealand

In 2021, overseas purchases of basic dyes and preparations based thereon increased by 54% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, basic dye imports surged to $X in 2021. In general, imports, however, saw a mild downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of basic dye to New Zealand, accounting for a 67% share of total imports. Moreover, basic dye imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-9.5% per year) and China (+3.6% per year).

In value terms, India ($X) constituted the largest supplier of basic dyes and preparations based thereon to New Zealand, comprising 67% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-12.0% per year) and China (+9.4% per year).

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price increased by +85.4% against 2014 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the UK ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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