New Zealand: Other Chemical Products Market 2024

Other Chemical Products Market Size in New Zealand

The New Zealand other chemical products market amounted to less than $X in 2022, flattening at the previous year. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in New Zealand

In value terms, other chemical products production totaled less than $X in 2022 estimated in export price. Overall, production saw a noticeable decline. The growth pace was the most rapid in 2014 with an increase of 58%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Other Chemical Products Exports

Exports from New Zealand

Other chemical products exports from New Zealand shrank to X tons in 2016, falling by -10.5% compared with the year before. Over the period under review, exports faced a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 5.9%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, other chemical products exports rose sharply to $X in 2016. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2016; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 25%. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons), South Korea (X tons) and Papua New Guinea (X tons) were the main destinations of other chemical products exports from New Zealand, together comprising 91% of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +30.1%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) remains the key foreign market for other chemical products exports from New Zealand, comprising 65% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6% share of total exports. It was followed by Papua New Guinea, with a 5.5% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Australia amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+24.4% per year) and Papua New Guinea (-25.7% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, jumping by 19% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2016: its price increased at an average annual rate of +15.8% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, other chemical products export price increased by +15.2% against 2013 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 56%. The export price peaked in 2016 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+66.6%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into New Zealand

In 2016, supplies from abroad of other chemical products decreased by -18.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by 10% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2016, imports failed to regain momentum.

In value terms, other chemical products imports reduced rapidly to $X in 2016. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 11%. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports remained at a lower figure.

Imports by Country

Australia (X tons), the United States (X tons) and China (X tons) were the main suppliers of other chemical products imports to New Zealand, with a combined 61% share of total imports. Germany, Japan, the UK, Denmark, Malaysia, the Netherlands, Indonesia, Sweden, Switzerland and the Philippines lagged somewhat behind, together comprising a further 28%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and China ($X) were the largest other chemical products suppliers to New Zealand, together accounting for 61% of total imports. Germany, Japan, the UK, Denmark, Malaysia, the Netherlands, Indonesia, Switzerland, Sweden and the Philippines lagged somewhat behind, together accounting for a further 28%.

Denmark, with a CAGR of +40.0%, recorded 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

The average other chemical products import price stood at $X per ton in 2016, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices reached the peak figure in 2016 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the price for Australia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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