New Zealand: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in New Zealand

The New Zealand market for cellular plates, sheets and films of polyymers of styrene reduced modestly to $X in 2022, which is down by -4.3% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in New Zealand

In value terms, production of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from New Zealand

In 2022, overseas shipments of cellular plates, sheets and films of polyymers of styrene decreased by -61.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of 1,393% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene reduced sharply to $X in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by 1,116% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from New Zealand, with a 88% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +154.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Vanuatu (+99.8% per year).

In value terms, Australia ($X) emerged as the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from New Zealand, comprising 91% of total exports. The second position in the ranking was held by Malaysia ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +165.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Vanuatu (+42.6% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, stabilizing at the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellular plates, sheets and films of polyymers of styrene decreased by -3.6% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 53% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vanuatu ($X per ton), while the average price for exports to Malaysia ($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 (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into New Zealand

In 2022, after three years of growth, there was significant decline in purchases abroad of cellular plates, sheets and films of polyymers of styrene, when their volume decreased by -34.8% to X tons. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded notably to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 106%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to New Zealand, with a 55% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.6% per year) and Australia (+38.5% per year).

In value terms, China ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to New Zealand, comprising 53% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Australia, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.1% per year) and Australia (+31.9% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, rising by 67% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +135.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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