New Zealand: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in New Zealand

After three years of decline, the New Zealand vulcanised rubber erases market increased by 17% to $X in 2021. In general, consumption, however, showed a deep contraction. Vulcanised rubber erases consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from New Zealand

In 2021, overseas shipments of erasers of vulcanised rubber increased by 405% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a mild setback. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for vulcanised rubber erases exports from New Zealand, with a 67% share of total exports. Moreover, vulcanised rubber erases exports to Australia exceeded the volume sent to the second major destination, Samoa (X kg), threefold. Cook Islands (X kg) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (-8.7% per year) and Cook Islands (-4.4% per year).

In value terms, Australia ($X) remains the key foreign market for erasers of vulcanised rubber exports from New Zealand, comprising 67% of total exports. The second position in the ranking was held by Samoa ($X), with a 23% share of total exports. It was followed by Cook Islands, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (-14.5% per year) and Cook Islands (-6.7% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, waning by -28.5% against the previous year. Over the period under review, the export price showed a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of 29%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Fiji ($X per ton), while the average price for exports to Cook Islands ($X per ton) and Samoa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into New Zealand

In 2021, purchases abroad of erasers of vulcanised rubber was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 35% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber erases imports surged to $X in 2021. In general, imports, however, continue to indicate a deep slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to New Zealand, with a 42% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+29.8% per year) and Malaysia (+41.0% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to New Zealand, comprising 42% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+30.8% per year) and Malaysia (+35.5% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Malaysia ($X per ton) and Australia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :