New Zealand: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in New Zealand

The New Zealand market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) contracted to $X in 2022, with a decrease of -8.1% against the previous year. Overall, consumption, however, posted a resilient increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in New Zealand

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank to $X in 2022 estimated in export price. Overall, production recorded a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 49%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from New Zealand

For the third year in a row, New Zealand recorded decline in shipments abroad of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels), which decreased by -42.6% to X tons in 2022. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2017 when exports increased by 11% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) dropped remarkably to $X in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 22% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from New Zealand, accounting for a 95% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Japan exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-5.1% per year) and Australia (-65.0% per year).

In value terms, Japan ($X) remains the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from New Zealand, comprising 95% of total exports. The second position in the ranking was held by the Philippines ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-10.6% per year) and Australia (-61.8% per year).

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, picking up by 42% against the previous year. In general, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Australia ($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 Australia (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into New Zealand

In 2022, purchases abroad of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -42.1% to X tons, falling for the fourth consecutive year after seven years of growth. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by 59%. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 57%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) to New Zealand, accounting for a 50% share of total imports. Moreover, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+1.1% per year) and Vietnam (+14.6% per year).

In value terms, China ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to New Zealand, comprising 50% of total imports. The second position in the ranking was taken by Australia ($X), with a 17% share of total imports. It was followed by Vietnam, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-1.8% per year) and Vietnam (+14.9% per year).

Import Prices by Country

The average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, with an increase of 29% against the previous year. Overall, the import price, however, saw a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Vietnam ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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