Report Update Nov 1, 2024

New Zealand - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in New Zealand

For the fifth consecutive year, the New Zealand industrial stearic acid market recorded growth in sales value, which increased by 11% to $X in 2021. Overall, consumption, however, enjoyed resilient growth. Industrial stearic acid consumption peaked in 2021 and is likely to see gradual growth in years to come.

Industrial Stearic Acid Exports

Exports from New Zealand

In 2021, shipments abroad of industrial stearic acid increased by 6.4% to X kg, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2020 when exports increased by 186% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial stearic acid exports rose remarkably to $X in 2021. Overall, exports continue to indicate a noticeable increase. The growth pace was the most rapid in 2020 when exports increased by 124%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Fiji (X kg) and Australia (X kg) were the main destinations of industrial stearic acid exports from New Zealand.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +14.4%).

In value terms, Australia ($X) remains the key foreign market for industrial stearic acid exports from New Zealand, comprising 86% of total exports. The second position in the ranking was held by Fiji ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +4.3%.

Export Prices by Country

In 2021, the average industrial stearic acid export price amounted to $X per ton, increasing by 2.5% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Fiji totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+78.6%), while the prices for the other major destinations experienced a decline.

Industrial Stearic Acid Imports

Imports into New Zealand

In 2021, purchases abroad of industrial stearic acid decreased by -16.7% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 1,078% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped significantly in the following year.

In value terms, industrial stearic acid imports soared to $X in 2021. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,122% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Australia (X tons) were the main suppliers of industrial stearic acid imports to New Zealand, with a combined 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial stearic acid suppliers to New Zealand were Malaysia ($X), Indonesia ($X) and Australia ($X), together accounting for 34% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2021, increasing by 56% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

China constituted the country with the largest volume of industrial stearic acid consumption, comprising approx. 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, together comprising 51% of global production.

What are the leading suppliers of industrial stearic acid to New Zealand?

In value terms, Malaysia constituted the largest supplier of industrial stearic acid to New Zealand, comprising 78% of total imports. The second position in the ranking was occupied by Indonesia, with a 16% share of total imports.

What are the leading importers of industrial stearic acid from New Zealand?

In value terms, Australia $454) remains the key foreign market for industrial stearic acid exports from New Zealand.

What is the average export price for industrial stearic acid in New Zealand?

In 2020, the average industrial stearic acid export price amounted to $1,702 per ton, with an increase of 27% against the previous year.

What is the average import price for industrial stearic acid in New Zealand?

In 2020, the average industrial stearic acid import price amounted to $830 per ton, surging by 14% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023