New Zealand: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in New Zealand

The New Zealand synthetic organic colouring matters market contracted to $X in 2022, declining by -8.3% against the previous year. Overall, consumption, however, posted pronounced growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Other Synthetic Organic Colouring Matters in New Zealand

In value terms, synthetic organic colouring matters production reached $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 130% against the previous year. Synthetic organic colouring matters production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports from New Zealand

In 2022, overseas shipments of other synthetic organic colouring matters increased by 15% to X tons, rising for the third consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 367% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports skyrocketed to $X in 2022. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 340%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for synthetic organic colouring matters exports from New Zealand, accounting for a 77% share of total exports. Moreover, synthetic organic colouring matters exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-5.4% per year) and the United States (+35.1% per year).

In value terms, Australia ($X) remains the key foreign market for other synthetic organic colouring matters exports from New Zealand, comprising 84% of total exports. The second position in the ranking was taken by the United States ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+39.0% per year) and Fiji (-7.9% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, with an increase of 3.7% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 586% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Fiji ($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 Ireland (+56.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into New Zealand

Synthetic organic colouring matters imports into New Zealand contracted notably to X tons in 2022, reducing by -26% on the previous year's figure. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports contracted remarkably to $X in 2022. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of synthetic organic colouring matters to New Zealand, with a 30% share of total imports. Moreover, synthetic organic colouring matters imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.7% per year) and Germany (-2.3% per year).

In value terms, Australia ($X), China ($X) and Germany ($X) were the largest synthetic organic colouring matters suppliers to New Zealand, with a combined 54% share of total imports. India, the United States, Denmark, France and Singapore lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Denmark, with a CAGR of +41.0%, recorded the highest rates of growth with regard to 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

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, surging by 9.4% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters import price decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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