New Zealand: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in New Zealand

In 2021, the New Zealand market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 57% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a deep downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from New Zealand

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 693% to X tons, rising for the second year in a row after three years of decline. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from New Zealand, accounting for a 87% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Australia exceeded the volume sent to the second major destination, China (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +27.7%.

In value terms, Australia ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from New Zealand, comprising 76% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +20.1%.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, waning by -3.1% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.4%).

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into New Zealand

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 68% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, faced a deep setback. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, imports, however, showed a deep downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to New Zealand, accounting for a 78% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Australia (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+213.6% per year) and Australia (+2.0% per year).

In value terms, the UK ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to New Zealand, comprising 92% of total imports. The second position in the ranking was held by the United States ($X), with a 2.8% share of total imports. It was followed by Australia, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.6% per year) and Australia (-16.8% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with a decrease of -12.3% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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