New Zealand: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in New Zealand

After two years of decline, the New Zealand market for polyethylene with a specific gravity of less than X, in primary forms increased by 31% to $X in 2021. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from New Zealand

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from New Zealand; surging by 40% against the previous year. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 80%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 109%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from New Zealand, accounting for a 56% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Australia exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by Fiji (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+5.2% per year) and Fiji (+46.7% per year).

In value terms, Australia ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from New Zealand, comprising 62% of total exports. The second position in the ranking was held by India ($X), with a 9.5% share of total exports. It was followed by Fiji, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.7% per year) and Fiji (+42.8% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, rising by 30% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polyethylene with a specific gravity of less than X, in primary forms increased by +40.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Hong Kong SAR ($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 Kiribati (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into New Zealand

Imports of polyethylene with a specific gravity of less than X, in primary forms into New Zealand expanded notably to X tons in 2021, growing by 6.9% compared with 2020 figures. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Australia (X tons) and Singapore (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to New Zealand, together accounting for 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to New Zealand were Thailand ($X), Australia ($X) and Singapore ($X), with a combined 60% share of total imports.

Singapore, with a CAGR of +11.5%, 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 34% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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