New Zealand: Folding Boxboard Market 2024

Folding Boxboard Market Size in New Zealand

The New Zealand folding boxboard market amounted to $X in 2021, rising by 11% against the previous year. Overall, consumption, however, continues to indicate a moderate increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Folding Boxboard Production in New Zealand

In value terms, folding boxboard production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Folding Boxboard Exports

Exports from New Zealand

In 2021, the amount of folding boxboard exported from New Zealand skyrocketed to X tons, with an increase of 66% against the previous year. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard exports surged to $X in 2021. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Thailand (X tons) and China (X tons) were the main destinations of folding boxboard exports from New Zealand, together accounting for 58% of total exports. Malaysia, Vietnam, Saudi Arabia, the Philippines, Taiwan (Chinese), Germany, South Korea, Hong Kong SAR and Colombia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +154.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for folding boxboard exported from New Zealand were Australia ($X), Thailand ($X) and China ($X), together comprising 63% of total exports. These countries were followed by Malaysia, Saudi Arabia, the Philippines, Vietnam, Taiwan (Chinese), Germany, South Korea, Colombia and Hong Kong SAR, which together accounted for a further 29%.

Germany, with a CAGR of +159.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2021, increasing by 4.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 6.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into New Zealand

In 2021, supplies from abroad of folding boxboard decreased by -5.4% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted in the following year.

In value terms, folding boxboard imports stood at $X in 2021. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of folding boxboard to New Zealand, accounting for a 51% share of total imports. Moreover, folding boxboard imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by Singapore (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.4% per year) and Singapore (+6.1% per year).

In value terms, Australia ($X), Singapore ($X) and China ($X) were the largest folding boxboard suppliers to New Zealand, with a combined 64% share of total imports. These countries were followed by India, the United States, Malaysia, Sweden and Finland, which together accounted for a further 25%.

India, with a CAGR of +90.6%, recorded the highest rates of growth with regard to 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 folding boxboard import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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