New Zealand: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in New Zealand

The New Zealand market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium contracted to $X in 2022, with a decrease of -4.4% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in New Zealand

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from New Zealand

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were exported from New Zealand; rising by 40% on the previous year's figure. Overall, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium soared to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +125.0% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from New Zealand, accounting for a 71% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Australia exceeded the volume sent to the second major destination, Cook Islands (X tons), more than tenfold. Fiji (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+10.3% per year) and Fiji (+13.3% per year).

In value terms, Australia ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from New Zealand, comprising 73% of total exports. The second position in the ranking was taken by Cook Islands ($X), with a 4.7% share of total exports. It was followed by Ireland, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+10.5% per year) and Ireland (+41.2% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, waning by -1.6% against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Vietnam (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into New Zealand

For the fourth consecutive year, New Zealand recorded growth in purchases abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium, which increased by 14% to X tons in 2022. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 110%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium skyrocketed to $X in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 120%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to New Zealand, accounting for a 71% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Australia exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.7% per year) and Singapore (+22.3% per year).

In value terms, Australia ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to New Zealand, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 7.1% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.8% per year) and Germany (+10.0% per year).

Import Prices by Country

The average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, rising by 4.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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