New Zealand: Polyacetals Market 2024

Polyacetals Market Size in New Zealand

The New Zealand polyacetals market skyrocketed to $X in 2021, growing by 63% 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). In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.4% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyacetals Exports

Exports from New Zealand

In 2021, overseas shipments of polyacetals in primary forms increased by 128% to X tons, rising for the second year in a row after five years of decline. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 799% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, polyacetals exports skyrocketed to $X in 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 611%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

South Korea (X tons) was the main destination for polyacetals exports from New Zealand, accounting for a 54% share of total exports. Moreover, polyacetals exports to South Korea exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+289.4% per year) and China (-16.1% per year).

In value terms, South Korea ($X) emerged as the key foreign market for polyacetals in primary forms exports from New Zealand, comprising 48% of total exports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+351.4% per year) and China (-10.4% per year).

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, with a decrease of -12.6% against the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 Fiji (+59.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into New Zealand

In 2021, polyacetals imports into New Zealand skyrocketed to X tons, surging by 53% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals imports surged to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Japan (X tons) were the main suppliers of polyacetals imports to New Zealand, with a combined 68% share of total imports. These countries were followed by China, Thailand, the United States and Malta, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Malaysia ($X) appeared to be the largest polyacetals suppliers to New Zealand, together comprising 67% of total imports. China, the United States, Thailand and Malta lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, China, with a CAGR of +15.6%, recorded the highest rates of growth with regard to 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 polyacetals import price amounted to $X per ton, growing by 8.6% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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