New Zealand: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in New Zealand

The New Zealand solid vulcanised rubber sheet market expanded sharply to $X in 2022, surging by 12% 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). Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from New Zealand

In 2022, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 11% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 319%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports surged to $X in 2022. Overall, exports recorded measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by 330% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for solid vulcanised rubber sheet exports from New Zealand, with a 93% share of total exports. It was followed by Fiji (X tons), with a 1.5% share of total exports. The third position in this ranking was taken by Thailand (X kg), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-11.1% per year) and Thailand (-28.7% per year).

In value terms, Australia ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from New Zealand, comprising 93% of total exports. The second position in the ranking was taken by Fiji ($X), with a 1.5% share of total exports. It was followed by Thailand, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-12.7% per year) and Thailand (-30.7% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the export price, however, showed a noticeable descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Samoa ($X per ton) and Fiji ($X per ton), while the average price for exports to Thailand ($X per ton) and Australia ($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 Samoa (+2.4%), while the prices for the other major destinations experienced a decline.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into New Zealand

In 2022, supplies from abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 10% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of solid vulcanised rubber sheet to New Zealand, accounting for a 32% share of total imports. Moreover, solid vulcanised rubber sheet imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.2% per year) and the United States (-7.7% per year).

In value terms, the largest solid vulcanised rubber sheet suppliers to New Zealand were Germany ($X), China ($X) and the United States ($X), with a combined 56% share of total imports. Australia, Italy, India, Japan, Taiwan (Chinese), the Netherlands, Malaysia, the United Arab Emirates, Thailand and Indonesia lagged somewhat behind, together comprising a further 36%.

The United Arab Emirates, with a CAGR of +60.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 solid vulcanised rubber sheet import price amounted to $X per ton, growing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2015 when the average import price increased by 21%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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