New Zealand: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in New Zealand

The New Zealand aromatic monoamines market shrank slightly to $X in 2021, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a deep contraction. Aromatic monoamines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in New Zealand

In value terms, aromatic monoamines production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aromatic Monoamines Exports

Exports from New Zealand

In 2021, the amount of other aromatic monoamines and their derivatives, salts thereof exported from New Zealand shrank dramatically to X kg, reducing by -68.2% compared with the year before. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 372%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, aromatic monoamines exports fell markedly to $X in 2021. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 161% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Vanuatu (X kg) was the main destination for aromatic monoamines exports from New Zealand, accounting for a 82% share of total exports. Moreover, aromatic monoamines exports to Vanuatu exceeded the volume sent to the second major destination, Fiji (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vanuatu totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-0.5% per year) and Papua New Guinea (+3.3% per year).

In value terms, Vanuatu ($X) remains the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from New Zealand, comprising 93% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vanuatu stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+1.1% per year) and Fiji (-5.0% per year).

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per ton, with an increase of 108% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 223%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Vanuatu ($X per ton), while the average price for exports to Fiji ($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 Vanuatu (+14.0%), while the prices for the other major destinations experienced a decline.

Aromatic Monoamines Imports

Imports into New Zealand

In 2021, approx. X tons of other aromatic monoamines and their derivatives, salts thereof were imported into New Zealand; waning by -46.9% on the previous year. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 80%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, aromatic monoamines imports declined rapidly to $X in 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when imports increased by 145%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X kg), South Korea (X kg) and Singapore (X kg) were the main suppliers of aromatic monoamines imports to New Zealand, together accounting for 57% of total imports. These countries were followed by Germany, the United States, the UK, the Netherlands and China, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +60.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to New Zealand, comprising 64% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and the Netherlands (-9.2% per year).

Import Prices by Country

In 2021, the average aromatic monoamines import price amounted to $X per ton, falling by -41.1% against the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. The import price peaked at $X per ton in 2020, and then reduced rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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