New Zealand: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in New Zealand

In 2021, after four years of growth, there was significant decline in the New Zealand market for refractory products of siliceous or diatomite earths, when its value decreased by -13.9% to $X. Overall, consumption, however, enjoyed a slight increase. Consumption of peaked at $X in 2020, and then contracted in the following year.

Production of Refractory Products of Siliceous or Diatomite Earths in New Zealand

In value terms, production of refractory products of siliceous or diatomite earths reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a moderate increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 69%. Production of peaked at $X in 2020, and then shrank in the following year.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from New Zealand

In 2021, approx. X tons of refractory products of siliceous or diatomite earths were exported from New Zealand; increasing by 6,427% on 2020 figures. Over the period under review, exports continue to indicate 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 refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,067%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

American Samoa (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from New Zealand, accounting for a 95% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to American Samoa exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to American Samoa was relatively modest.

In value terms, American Samoa ($X) emerged as the key foreign market for refractory products of siliceous or diatomite earths exports from New Zealand, comprising 66% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to American Samoa was relatively modest.

Export Prices by Country

In 2021, the average export price for refractory products of siliceous or diatomite earths amounted to $X per ton, declining by -92.1% against the previous year. Over the period under review, the export price faced a sharp curtailment. The pace of growth was the most pronounced in 2017 an increase of 702%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to American Samoa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+10.5%), while the prices for the other major destinations experienced a decline.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into New Zealand

Imports of refractory products of siliceous or diatomite earths into New Zealand reduced remarkably to X tons in 2021, which is down by -48.2% compared with 2020 figures. In general, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 332% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths fell significantly to $X in 2021. Over the period under review, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 225% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), Australia (X tons) and South Korea (X tons) were the main suppliers of imports of refractory products of siliceous or diatomite earths to New Zealand, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +10.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest refractory products of siliceous or diatomite earths suppliers to New Zealand were Australia ($X), South Korea ($X) and China ($X), together accounting for 88% of total imports.

Among the main suppliers, Australia, with a CAGR of +29.3%, recorded the highest growth rate of 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 2021, the average import price for refractory products of siliceous or diatomite earths amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 163%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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