New Zealand: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in New Zealand

The New Zealand market for prepared glues and other prepared adhesives skyrocketed to $X in 2021, rising by 103% 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). Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from New Zealand

Exports of prepared glues and other prepared adhesives from New Zealand shrank rapidly to X tons in 2021, which is down by -34.2% compared with the year before. Over the period under review, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 151%. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, exports of prepared glues and other prepared adhesives fell to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for exports of prepared glues and other prepared adhesives from New Zealand, accounting for a 84% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Fiji exceeded the volume sent to the second major destination, Papua New Guinea (X tons), twofold. Australia (X tons) ranked third in terms of total exports with a 34% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+50.3% per year) and Australia (+7.7% per year).

In value terms, Australia ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from New Zealand, comprising 72% of total exports. The second position in the ranking was held by Fiji ($X), with a 32% share of total exports. It was followed by Papua New Guinea, with a 27% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+9.0% per year) and Papua New Guinea (+37.0% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, jumping by 34% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to South Korea ($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 Samoa (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into New Zealand

In 2021, imports of prepared glues and other prepared adhesives into New Zealand skyrocketed to X tons, growing by 23% against the year before. The total import volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest prepared glues and other prepared adhesives supplier to New Zealand, with a 60% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Australia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and China (+2.2% per year).

In value terms, Australia ($X) constituted the largest supplier of prepared glues and other prepared adhesives to New Zealand, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.6% per year) and the United States (+8.0% per year).

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, surging by 7.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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