New Zealand: Imines Market 2024

Imines Market Size in New Zealand

In 2021, the New Zealand imines market increased by 19% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted a prominent increase. Imines consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Imines Exports

Exports from New Zealand

Imines exports from New Zealand soared to X kg in 2021, picking up by 240% on 2020 figures. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 650% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imines exports surged to $X in 2021. In general, exports, however, saw a mild contraction. The pace of growth was the most pronounced in 2013 when exports increased by 460%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X kg) was the main destination for imines exports from New Zealand, accounting for a 53% share of total exports. Moreover, imines exports to Papua New Guinea exceeded the volume sent to the second major destination, Australia (X kg), threefold. Thailand (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-10.1% per year) and Thailand (+125.8% per year).

In value terms, Australia ($X), Papua New Guinea ($X) and Thailand ($X) constituted the largest markets for imines exported from New Zealand worldwide, together comprising 92% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +183.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average imines export price stood at $X per ton in 2021, which is down by -30.4% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price decreased by -12.5%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Papua New Guinea ($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 Thailand (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imines Imports

Imports into New Zealand

In 2021, supplies from abroad of imines and their derivatives and salts thereof increased by 20% to X tons, rising for the third consecutive year after two years of decline. In general, imports enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2020 with an increase of 63%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imines imports soared to $X in 2021. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 80%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest imines supplier to New Zealand, with a 84% share of total imports. Moreover, imines imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Singapore (X tons) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.1% per year) and Singapore (-19.3% per year).

In value terms, India ($X) constituted the largest supplier of imines and their derivatives and salts thereof to New Zealand, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Singapore, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and Singapore (-13.4% per year).

Import Prices by Country

The average imines import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imines import price increased by +9.9% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 41% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and Spain ($X per ton), while the price for Singapore ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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