New Zealand: Plaster Market 2024

Plaster Market Size in New Zealand

The New Zealand plaster market expanded notably to $X in 2022, surging by 9.6% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plaster Production in New Zealand

In value terms, plaster production expanded remarkably to $X in 2022 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plaster Exports

Exports from New Zealand

In 2022, shipments abroad of plaster increased by 77% to X tons, rising for the third year in a row after three years of decline. In general, exports recorded a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster exports surged to $X in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +121.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for plaster exports from New Zealand, with a 90% share of total exports. Moreover, plaster exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-3.7% per year) and Samoa (-2.6% per year).

In value terms, Australia ($X) remains the key foreign market for plaster exports from New Zealand, comprising 84% of total exports. The second position in the ranking was taken by Samoa ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+0.7% per year) and Fiji (-3.0% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, reducing by -6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into New Zealand

In 2022, approx. X tons of plaster were imported into New Zealand; dropping by -60.1% compared with 2021. Over the period under review, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 68%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plaster imports dropped significantly to $X in 2022. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 51%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest plaster supplier to New Zealand, accounting for a 34% share of total imports. Moreover, plaster imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.9% per year) and Germany (+31.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of plaster to New Zealand, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.1% per year) and the United States (-18.7% per year).

Import Prices by Country

In 2022, the average plaster import price amounted to $X per ton, rising by 61% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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