New Zealand: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in New Zealand

In 2021, the New Zealand market for plastic fittings for tubes, pipes and hoses was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from New Zealand

After two years of decline, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 75% to X tons in 2021. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 75% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Australia (X tons) and Fiji (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from New Zealand, together comprising 63% of total exports. These countries were followed by Solomon Islands, Tonga, Cook Islands, Samoa, Vanuatu, Chile, the UK, Papua New Guinea and Sri Lanka, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cook Islands (with a CAGR of +13.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from New Zealand were the United States ($X), Australia ($X) and the UK ($X), together comprising 55% of total exports.

The UK, with a CAGR of +25.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, with an increase of 21% against the previous year. In general, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +94.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into New Zealand

After two years of decline, overseas purchases of plastic fittings for tubes, pipes and hoses increased by 36% to X tons in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 39% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 Fiji (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to New Zealand, together accounting for 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Fiji (with a CAGR of +29.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and Israel ($X) were the largest plastic fittings for tubes, pipes and hoses suppliers to New Zealand, with a combined 59% share of total imports. These countries were followed by Germany, Italy, the United States, the UK, Switzerland, Austria, Taiwan (Chinese), Vietnam, Fiji and Malaysia, which together accounted for a further 34%.

Among the main suppliers, Vietnam, with a CAGR of +26.6%, 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

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2016 an increase of 34% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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