New Zealand: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in New Zealand

In 2022, the New Zealand polyvinyl chloride market increased by 0.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, enjoyed a strong expansion. Polyvinyl chloride consumption peaked in 2022 and is likely to continue growth in the immediate term.

Polyvinyl Chloride Exports

Exports from New Zealand

Polyvinyl chloride exports from New Zealand rose markedly to X tons in 2022, with an increase of 6.5% on the previous year's figure. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 5,569%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyvinyl chloride exports surged to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 577% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for polyvinyl chloride exports from New Zealand, with a 97% share of total exports. It was followed by Mexico (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +25.8%.

In value terms, Australia ($X) emerged as the key foreign market for polyvinyl chloride exports from New Zealand, comprising 74% of total exports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +26.0%.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, jumping by 340% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($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 Mexico (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Polyvinyl Chloride Imports

Imports into New Zealand

In 2022, approx. X tons of polyvinyl chloride were imported into New Zealand; reducing by -2.7% compared with 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, polyvinyl chloride imports reached $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 117%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of polyvinyl chloride to New Zealand, with a 67% share of total imports. Moreover, polyvinyl chloride imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Japan (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) totaled +90.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.8% per year) and Japan (+2.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polyvinyl chloride to New Zealand, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +91.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.0% per year) and Japan (+7.3% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, with an increase of 3.7% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +66.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Australia ($X per ton), while the price for Taiwan (Chinese) ($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 United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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