New Zealand: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in New Zealand

The New Zealand bituminous mixtures market skyrocketed to $X in 2021, increasing by 15% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bituminous Mixtures Production in New Zealand

In value terms, bituminous mixtures production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bituminous Mixtures Exports

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in overseas shipments of bituminous mixtures, when their volume increased by 83% to X tons. Overall, exports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 2,298%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bituminous mixtures exports soared to $X in 2021. Over the period under review, exports, however, saw a precipitous descent. The pace of growth appeared the most rapid in 2016 when exports increased by 1,099% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for bituminous mixtures exports from New Zealand, accounting for a 86% share of total exports. Moreover, bituminous mixtures exports to Australia exceeded the volume sent to the second major destination, Vanuatu (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+16.6% per year) and Norfolk Island (+17.8% per year).

In value terms, Australia ($X) remains the key foreign market for bituminous mixtures exports from New Zealand, comprising 75% of total exports. The second position in the ranking was held by Norfolk Island ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to -38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norfolk Island (+8.2% per year) and Vanuatu (+9.2% per year).

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, with an increase of 8% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norfolk Island ($X per ton), while the average price for exports to Australia ($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 Australia (-6.3%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into New Zealand

In 2021, supplies from abroad of bituminous mixtures increased by 193% to X tons, rising for the second consecutive year after four years of decline. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2015 with an increase of 2,053%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports contracted rapidly to $X in 2021. Over the period under review, imports showed a perceptible increase. The growth pace was the most rapid in 2020 with an increase of 551%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2021, Spain (X tons) was the main supplier of bituminous mixtures to New Zealand, with a 91% share of total imports. It was followed by the United States (X tons), with a 2.6% share of total imports. The third position in this ranking was taken by the UK (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +239.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.5% per year) and the UK (+8.6% per year).

In value terms, Spain ($X) constituted the largest supplier of bituminous mixtures to New Zealand, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with an 8.4% share of total imports. It was followed by Australia, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +230.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.1% per year) and Australia (-6.5% per year).

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, shrinking by -75.6% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 345%. The import price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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