New Zealand: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in New Zealand

The New Zealand reaction initiators and accelerators market reduced to $X in 2022, declining by -5.2% against the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in New Zealand

In value terms, reaction initiators and accelerators production shrank slightly to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 310% against the previous year. Reaction initiators and accelerators production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from New Zealand

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 26% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 754%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports declined significantly to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 731%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Australia (X tons) and the United States (X tons) were the main destinations of reaction initiators and accelerators exports from New Zealand, together comprising 75% of total exports. The UK, Malaysia, Norway and Fiji lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +66.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reaction initiators and accelerators exported from New Zealand were Singapore ($X), Australia ($X) and the United States ($X), with a combined 70% share of total exports. Malaysia, the UK, Norway and Fiji lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Malaysia, with a CAGR of +75.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, waning by -36.3% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 342%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 Malaysia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into New Zealand

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -7.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 322%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports reduced dramatically to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 216%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of reaction initiators and accelerators imports to New Zealand, with a combined 79% share of total imports. Germany, Spain, China, the Netherlands, Indonesia, Singapore and Japan lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +151.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Australia ($X) and the United States ($X) appeared to be the largest reaction initiators and accelerators suppliers to New Zealand, with a combined 80% share of total imports. Germany, Spain, China, the Netherlands, Indonesia, Singapore and Japan lagged somewhat behind, together comprising a further 13%.

Spain, with a CAGR of +119.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 reaction initiators and accelerators import price amounted to $X per ton, declining by -8.6% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 106%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the price for Japan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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