New Zealand: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in New Zealand

The New Zealand extruded solid rubber rod market dropped modestly to $X in 2022, declining by -3.3% against the previous year. In general, consumption saw a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in New Zealand

In value terms, extruded solid rubber rod production shrank to $X in 2022 estimated in export price. Overall, production showed a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from New Zealand

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported from New Zealand; which is down by -11.1% against the previous year's figure. Overall, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 125% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports declined to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 112% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for extruded solid rubber rod exports from New Zealand, accounting for a 62% share of total exports. Moreover, extruded solid rubber rod exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+3.1% per year) and the UK (+91.4% per year).

In value terms, Australia ($X) remains the key foreign market for extruded solid rubber rods and profiles exports from New Zealand, comprising 62% of total exports. The second position in the ranking was taken by Fiji ($X), with a 20% share of total exports. It was followed by the UK, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+2.6% per year) and the UK (+62.6% per year).

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2022, rising by 4.9% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price increased by +21.5% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Fiji ($X per ton), while the average price for exports to the UK ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+57.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into New Zealand

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported into New Zealand; falling by -13.2% on 2021 figures. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 97% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, extruded solid rubber rod imports fell to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 98%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Australia (X tons) were the main suppliers of extruded solid rubber rod imports to New Zealand, with a combined 51% share of total imports. Thailand, the United States, Japan, Germany, Malaysia and Italy lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod suppliers to New Zealand were China ($X), India ($X) and Australia ($X), with a combined 51% share of total imports.

China, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average extruded solid rubber rod import price amounted to $X per ton, with an increase of 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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