New Zealand: Cement Market 2024

Cement Market Size in New Zealand

The New Zealand cement market totaled $X in 2022, remaining relatively unchanged against the previous year. In general, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cement Production in New Zealand

In value terms, cement production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Cement production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from New Zealand

In 2022, shipments abroad of cement increased by 69% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2016 when exports increased by 70%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cement exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cook Islands (X tons) was the main destination for cement exports from New Zealand, with a 50% share of total exports. Moreover, cement exports to Cook Islands exceeded the volume sent to the second major destination, American Samoa (X tons), twofold. The third position in this ranking was taken by Tonga (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Cook Islands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: American Samoa (-19.1% per year) and Tonga (-25.5% per year).

In value terms, Cook Islands ($X), American Samoa ($X) and Tonga ($X) appeared to be the largest markets for cement exported from New Zealand worldwide, with a combined 79% share of total exports. Fiji, Niue, Pitcairn Islands, Norfolk Island, Vanuatu and Samoa lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Pitcairn Islands, with a CAGR of +24.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, jumping by 36% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Vanuatu ($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 Tonga (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into New Zealand

Cement imports into New Zealand shrank markedly to X tons in 2022, reducing by -82.5% compared with the year before. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 365%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cement imports reduced markedly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 153%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of cement to New Zealand, accounting for a 62% share of total imports. Moreover, cement imports from Malaysia exceeded the figures recorded by the second-largest supplier, Australia (X tons), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-14.6% per year) and the United Arab Emirates (+1.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of cement to New Zealand, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.8% per year) and Turkey (+80.2% per year).

Import Prices by Country

In 2022, the average cement import price amounted to $X per ton, increasing by 155% against the previous year. Overall, the import price continues to indicate a buoyant expansion. As a result, import price attained 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 Croatia ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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