New Zealand: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in New Zealand

The New Zealand natural stone sett market shrank to $X in 2022, with a decrease of -4.2% 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). Over the period under review, consumption, however, posted a resilient expansion. Natural stone sett consumption peaked at $X in 2021, and then dropped in the following year.

Natural Stone Sett Exports

Exports from New Zealand

For the sixth year in a row, New Zealand recorded decline in overseas shipments of natural stone setts, kerbstones and flagstones, which decreased by -72.9% to X tons in 2022. Over the period under review, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 716% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports fell modestly to $X in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 650% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons), Cook Islands (X tons) and Fiji (X tons) were the main destinations of natural stone sett exports from New Zealand.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +33.4%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from New Zealand, comprising 81% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji stood at +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (0.0% per year) and Cook Islands (0.0% per year).

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, with an increase of 266% against the previous year. Overall, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Cook Islands ($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 Fiji (+6.4%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into New Zealand

In 2022, the amount of natural stone setts, kerbstones and flagstones imported into New Zealand contracted to X tons, dropping by -13.4% on 2021 figures. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, natural stone sett imports totaled $X in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 195%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of natural stone sett to New Zealand, accounting for a 55% share of total imports. Moreover, natural stone sett imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+39.3% per year) and Turkey (+31.3% per year).

In value terms, China ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to New Zealand, comprising 55% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.4% per year) and Turkey (+15.9% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, jumping by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2015 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 countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :