New Zealand: Plastic Box Market 2024

Plastic Box Market Size in New Zealand

In 2022, after two years of growth, there was significant decline in the New Zealand plastic box market, when its value decreased by -49.9% to $X. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined rapidly in the following year.

Plastic Box Exports

Exports from New Zealand

In 2022, the amount of plastic boxes, cases, crates and similar packing articles exported from New Zealand soared to X tons, picking up by 55% compared with the previous year. In general, exports recorded tangible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic box exports soared to $X in 2022. Over the period under review, exports recorded perceptible growth. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for plastic box exports from New Zealand, with a 47% share of total exports. Moreover, plastic box exports to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was taken by the Philippines (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+39.8% per year) and the Philippines (+145.3% per year).

In value terms, Australia ($X) remains the key foreign market for plastic boxes, cases, crates and similar packing articles exports from New Zealand, comprising 47% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by the Philippines, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+35.8% per year) and the Philippines (+164.2% per year).

Export Prices by Country

The average plastic box export price stood at $X per ton in 2022, picking up by 2.3% against the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Australia ($X per ton), while the average price for exports to Mozambique ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into New Zealand

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported into New Zealand; waning by -22.5% against the previous year's figure. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, plastic box imports dropped notably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic box to New Zealand, with a 52% share of total imports. Moreover, plastic box imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+29.1% per year) and Italy (+13.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to New Zealand, comprising 52% of total imports. The second position in the ranking was held by Israel ($X), with an 11% share of total imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+31.9% per year) and Italy (+16.3% per year).

Import Prices by Country

The average plastic box import price stood at $X per ton in 2022, growing by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average import price increased by 10% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Australia ($X per ton), while the price for Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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