New Zealand: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in New Zealand

The New Zealand glass fibre mat market fell to $X in 2022, declining by -2.1% 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). In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from New Zealand

In 2022, shipments abroad of glass fibre mats was finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a slight slump. The pace of growth appeared the most rapid in 2019 when exports increased by 122% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre mat exports amounted to $X in 2022. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), New Caledonia (X tons) and Australia (X tons) were the main destinations of glass fibre mat exports from New Zealand, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +94.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), New Caledonia ($X) and Australia ($X) appeared to be the largest markets for glass fibre mat exported from New Zealand worldwide, together accounting for 65% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +94.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, reducing by -2.3% against the previous year. Overall, the export price showed a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 4.5% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and French Polynesia ($X per ton), while the average price for exports to Solomon Islands ($X per ton) and Vanuatu ($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 Singapore (+0.2%), while the prices for the other major destinations experienced a decline.

Glass Fibre Mat Imports

Imports into New Zealand

After three years of decline, supplies from abroad of glass fibre mats increased by 4.6% to X tons in 2022. In general, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 72% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports fell to $X in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +5.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre mat to New Zealand, accounting for a 52% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.5% per year) and Germany (+17.8% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mats to New Zealand, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.9% share of total imports. It was followed by India, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.1% per year) and India (-10.8% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, reducing by -8.9% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 China ($X per ton) and India ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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