New Zealand: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in New Zealand

The New Zealand market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022, reducing by -6.6% 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. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from New Zealand

In 2022, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from New Zealand surged to X tons, increasing by 98% on 2021. Over the period under review, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 138% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 174% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from New Zealand, accounting for a 95% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Australia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to -4.6%.

In value terms, Australia ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from New Zealand, comprising 80% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled -2.5%.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, falling by -18.3% against the previous year. Over the period under review, the export price, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+577.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into New Zealand

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into New Zealand plummeted to X tons, shrinking by -20.4% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to New Zealand, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +6.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Malaysia ($X) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to New Zealand, with a combined 91% share of total imports.

South Korea, with a CAGR of +4.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up by 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level 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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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