New Zealand: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in New Zealand

The New Zealand market for plastics pipes and pipe fittings contracted to $X in 2022, with a decrease of -2.3% 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). Over the period under review, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from New Zealand

In 2022, shipments abroad of plastics pipes and pipe fittings increased by 20% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +75.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Australia (X tons) and Solomon Islands (X tons) were the main destinations of plastics pipe and pipe fitting exports from New Zealand, together comprising 59% of total exports. Fiji, Papua New Guinea, Tonga, Thailand, Samoa, Cook Islands, Vanuatu, Niue, Chile and the UK lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from New Zealand were the United States ($X), Australia ($X) and the UK ($X), with a combined 51% share of total exports. Fiji, Thailand, Solomon Islands, Tonga, Chile, Cook Islands, Samoa, Papua New Guinea, Vanuatu and Niue lagged somewhat behind, together accounting for a further 22%.

Thailand, with a CAGR of +33.8%, recorded the highest rates of growth with regard to the value of exports, among 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

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, increasing by 8.6% against the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 UK ($X per ton), while the average price for exports to Papua New Guinea ($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 Thailand (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into New Zealand

In 2022, imports of plastics pipes and pipe fittings into New Zealand declined to X tons, falling by -3.1% compared with the year before. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 150% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports rose to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +53.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 57% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Australia (X tons) and Italy (X tons) were the main suppliers of plastics pipe and pipe fitting imports to New Zealand, together accounting for 66% of total imports. India, Turkey, Germany, Vietnam, the United Arab Emirates, Israel and Fiji lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and Italy ($X) were the largest plastics pipe and pipe fitting suppliers to New Zealand, with a combined 58% share of total imports. Germany, Israel, Vietnam, India, the United Arab Emirates, Turkey and Fiji lagged somewhat behind, together comprising a further 23%.

Vietnam, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, growing by 6.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. Over the period under review, average import prices hit record highs in 2022 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 Israel ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :