New Zealand: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in New Zealand

The New Zealand non-aqueous paint and varnish market contracted to $X in 2022, dropping by -8% 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). Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +67.9% against 2017 indices. Non-aqueous paint and varnish consumption peaked at $X in 2021, and then declined in the following year.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from New Zealand

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 12% to X tons, rising for the fourth year in a row after four years of decline. In general, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports surged to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +64.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for non-aqueous paint and varnish exports from New Zealand, accounting for a 75% share of total exports. Moreover, non-aqueous paint and varnish exports to Australia exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.2% per year) and the United States (+2.6% per year).

In value terms, Australia ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from New Zealand, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by the UK, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.4% per year) and the UK (+0.7% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, rising by 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Malaysia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into New Zealand

After four years of growth, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -12.4% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, non-aqueous paint and varnish imports amounted to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2017 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of non-aqueous paint and varnish to New Zealand, accounting for a 57% share of total imports. Moreover, non-aqueous paint and varnish imports from Australia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and the United States (-3.0% per year).

In value terms, Australia ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to New Zealand, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the UK, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and the UK (+19.0% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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