New Zealand: Hydantoin Market 2025

Hydantoin Market Size in New Zealand

The New Zealand hydantoin market reduced rapidly to $X in 2022, waning by -36.5% 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 showed a slight shrinkage. Hydantoin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hydantoin Exports

Exports from New Zealand

In 2022, shipments abroad of hydantoin and its derivatives increased by 3.2% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,350%. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydantoin exports dropped modestly to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 7,836%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X kg) was the main destination for hydantoin exports from New Zealand, with a 95% share of total exports. Moreover, hydantoin exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), more than tenfold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest.

In value terms, Australia ($X) emerged as the key foreign market for hydantoin and its derivatives exports from New Zealand, comprising 95% of total exports. The second position in the ranking was taken by Fiji ($X), with a 5.1% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Australia was relatively modest.

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, falling by -7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 447%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia amounted to $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+22.3%).

Hydantoin Imports

Imports into New Zealand

In 2022, the amount of hydantoin and its derivatives imported into New Zealand fell sharply to X tons, waning by -38% against the previous year's figure. Over the period under review, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 217% against the previous year. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, hydantoin imports shrank rapidly to $X in 2022. In general, imports saw a mild setback. The growth pace was the most rapid in 2019 when imports increased by 210%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and the Netherlands (X kg) were the main suppliers of hydantoin imports to New Zealand, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +37.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) constituted the largest hydantoin suppliers to New Zealand, together comprising 98% of total imports. Switzerland and Australia lagged somewhat behind, together comprising a further 1.9%.

Switzerland, with a CAGR of +30.3%, 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 2022, the average hydantoin import price amounted to $X per ton, picking up by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 9.2%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and Switzerland ($X per ton), while the price for the Netherlands ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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