New Zealand: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in New Zealand

The New Zealand polyethylene binder market declined sharply to $X in 2022, which is down by -19.2% 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, consumption, however, continues to indicate a perceptible expansion. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Polyethylene Binder Exports

Exports from New Zealand

Polyethylene binder exports from New Zealand surged to X kg in 2022, increasing by 382% compared with the previous year. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyethylene binder exports surged to $X in 2022. In general, exports, however, faced a precipitous descent. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Cook Islands (X kg) was the main destination for polyethylene binder exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cook Islands totaled -5.2%.

In value terms, Cook Islands ($X) also remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value to Cook Islands stood at -3.3%.

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, rising by 3.3% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2019 an increase of 41%. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Cook Islands.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +2.7% per year.

Polyethylene Binder Imports

Imports into New Zealand

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were imported into New Zealand; reducing by -19.3% compared with 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 36% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, polyethylene binder imports shrank dramatically to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +49.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Portugal (X tons), Vietnam (X tons) and the Czech Republic (X tons) were the main suppliers of polyethylene binder imports to New Zealand, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder suppliers to New Zealand were Portugal ($X), Vietnam ($X) and the Czech Republic ($X), with a combined 89% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +51.3%, 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 2022, the average polyethylene binder import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure 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 India ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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