New Zealand: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in New Zealand

In 2022, after three years of decline, there was significant growth in the New Zealand azo- or azoxy-compounds market, when its value increased by 19% to $X. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports from New Zealand

In 2022, after four years of decline, there was significant growth in overseas shipments of diazo-, azo- or azoxy-compounds, when their volume increased by 124% to X kg. In general, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 476% against the previous year. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports soared to $X in 2022. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 189%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Malaysia (X kg) and Norway (X kg) were the main destinations of azo- or azoxy-compounds exports from New Zealand, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Norway ($X), Malaysia ($X) and France ($X) appeared to be the largest markets for azo- or azoxy-compounds exported from New Zealand worldwide, together comprising 82% of total exports.

In terms of the main countries of destination, France, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average azo- or azoxy-compounds export price stood at $X per ton in 2022, with a decrease of -16.7% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, azo- or azoxy-compounds export price increased by +29.4% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($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 Malaysia (+8.5%).

Azo- Or Azoxy-Compounds Imports

Imports into New Zealand

In 2022, after three years of decline, there was significant growth in supplies from abroad of diazo-, azo- or azoxy-compounds, when their volume increased by 12% to X tons. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 104% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, azo- or azoxy-compounds imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of azo- or azoxy-compounds to New Zealand, accounting for a 87% share of total imports. Moreover, azo- or azoxy-compounds imports from the United States exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold. Germany (X kg) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+42.2% per year) and Germany (+20.1% per year).

In value terms, the United States ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to New Zealand, comprising 87% of total imports. The second position in the ranking was taken by India ($X), with a 3.3% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.1% per year) and Germany (+0.8% per year).

Import Prices by Country

In 2022, the average azo- or azoxy-compounds import price amounted to $X per ton, rising by 16% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 Japan ($X per ton) and Germany ($X per ton), while the price for Switzerland ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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