New Zealand: Extruded Rod Market 2022

Extruded Rod Market Size in New Zealand

The New Zealand extruded rod market surged to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Extruded Rod Exports

Exports from New Zealand

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports expanded remarkably to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Fiji (X tons) was the main destination for extruded rod exports from New Zealand, with a X% share of total exports. Moreover, extruded rod exports to Fiji exceeded the volume sent to the second major destination, Sweden (X kg), sixfold. South Africa (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Fiji stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and South Africa (-X% per year).

In value terms, Fiji ($X) remains the key foreign market for extruded rod exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Fiji totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and South Africa (-X% per year).

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod export price increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and South Africa ($X per ton), while the average price for exports to Fiji ($X per ton) and Sweden ($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 Fiji (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into New Zealand

In 2021, approx. X tons of extruded rods and profile shapes of cellular vulcanised rubber were imported into New Zealand; rising by X% on the previous year's figure. In general, imports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, extruded rod imports surged to $X in 2021. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Canada (X tons) were the main suppliers of extruded rod imports to New Zealand, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to New Zealand were China ($X), India ($X) and Canada ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Malaysia ($X per ton) and the United Arab Emirates ($X per ton), while the price for Australia ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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