New Zealand: Plastic Container Market 2024

Plastic Container Market Size in New Zealand

The New Zealand plastic container market shrank to $X in 2021, waning by -12.5% against the previous year. Over the period under review, consumption saw a slight descent. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Plastic Container Production in New Zealand

In value terms, plastic container production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plastic Container Exports

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in overseas shipments of plastic containers, when their volume increased by 15% to X tons. Over the period under review, exports, however, recorded a pronounced descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plastic container exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for plastic container exports from New Zealand, accounting for a 73% share of total exports. Moreover, plastic container exports to Australia exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was taken by China (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+93.1% per year) and China (+54.2% per year).

In value terms, Australia ($X) remains the key foreign market for plastic containers exports from New Zealand, comprising 73% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.2% share of total exports. It was followed by China, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+80.1% per year) and China (+50.6% per year).

Export Prices by Country

In 2021, the average plastic container export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+8.0%), while the prices for the other major destinations experienced a decline.

Plastic Container Imports

Imports into New Zealand

In 2021, approx. X tons of plastic containers were imported into New Zealand; with an increase of 17% on 2020 figures. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic container imports soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Australia (X tons) and Thailand (X tons) were the main suppliers of plastic container imports to New Zealand, together comprising 69% of total imports. India, the United States, Malaysia, the Netherlands, Papua New Guinea, the United Arab Emirates and Chile lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Papua New Guinea (with a CAGR of +472.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic container suppliers to New Zealand were China ($X), Australia ($X) and Thailand ($X), with a combined 70% share of total imports. India, the United States, Malaysia, the Netherlands, Papua New Guinea, Chile and the United Arab Emirates lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Papua New Guinea, with a CAGR of +479.0%, recorded the highest growth rate of 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 2021, the average plastic container import price amounted to $X per ton, with an increase of 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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