New Zealand: Plastic Bag Market 2024

Plastic Bag Market Size in New Zealand

In 2022, the New Zealand plastic bag market increased by 3.4% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Plastic bag consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Plastic Bag Production in New Zealand

In value terms, plastic bag production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 78%. Plastic bag production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from New Zealand

In 2022, the amount of plastic sacks and bags exported from New Zealand amounted to X tons, increasing by 2.6% on the previous year's figure. Overall, exports, however, showed a perceptible slump. The growth pace was the most rapid in 2017 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bag exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), the UK (X tons) and Indonesia (X tons) were the main destinations of plastic bag exports from New Zealand, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +31.4%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for plastic sacks and bags exports from New Zealand, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with an 18% share of total exports. It was followed by the Philippines, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.5% per year) and the Philippines (+26.1% per year).

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 an increase of 4%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 Japan (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into New Zealand

After two years of growth, overseas purchases of plastic sacks and bags decreased by -10.5% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 8.8%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, plastic bag imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic bag supplier to New Zealand, accounting for a 60% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+5.2% per year) and Thailand (-10.7% per year).

In value terms, China ($X) constituted the largest supplier of plastic sacks and bags to New Zealand, comprising 59% of total imports. The second position in the ranking was held by Australia ($X), with a 9.4% share of total imports. It was followed by Malaysia, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+3.6% per year) and Malaysia (+6.6% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, with an increase of 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2021 when the average import price increased by 9.3% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :