Report Update Nov 1, 2024

New Zealand - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in New Zealand

After five years of growth, the New Zealand ethylene glycol market decreased by -23.1% to $X in 2022. Overall, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Ethylene Glycol Exports

Exports from New Zealand

In 2022, approx. X tons of ethylene glycol (ethanediol) were exported from New Zealand; rising by 27% against the year before. In general, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2013 when exports increased by 134% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylene glycol exports soared to $X in 2022. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 247% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for ethylene glycol exports from New Zealand, with a 70% share of total exports. Moreover, ethylene glycol exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +1.9%.

In value terms, Australia ($X) and Fiji ($X) were the largest markets for ethylene glycol exported from New Zealand worldwide.

Fiji, with a CAGR of +7.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average ethylene glycol export price stood at $X per ton in 2022, jumping by 27% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene glycol export price decreased by -37.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Glycol Imports

Imports into New Zealand

In 2022, supplies from abroad of ethylene glycol (ethanediol) decreased by -26.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 141% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, ethylene glycol imports reduced rapidly to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 155% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of ethylene glycol imports to New Zealand, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +79.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Malaysia ($X) were the largest ethylene glycol suppliers to New Zealand, with a combined 81% share of total imports.

Among the main suppliers, China, with a CAGR of +77.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethylene glycol import price stood at $X per ton in 2022, picking up by 5.8% against the previous year. Overall, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Australia ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China constituted the country with the largest volume of ethylene glycol consumption, comprising approx. 32% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by Taiwan Chinese), with a 6.6% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of in 2021 were Saudi Arabia, the United States and Canada, together accounting for 45% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to New Zealand?

In value terms, the largest ethylene glycol suppliers to New Zealand were China, Thailand and South Korea, with a combined 70% share of total imports.

What is the average export price for ethylene glycol (ethanediol) in New Zealand?

The average ethylene glycol export price stood at $3,012 per ton in 2021, increasing by 34% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in New Zealand?

In 2021, the average ethylene glycol import price amounted to $1,020 per ton, growing by 44% against the previous year.

This report provides an in-depth analysis of the ethylene glycol market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023