New Zealand: Resinoids Market 2022

Resinoids Market Size in New Zealand

In 2021, the New Zealand resinoids market increased by 112% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Resinoids Production in New Zealand

In value terms, resinoids production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Resinoids Exports

Exports from New Zealand

Resinoids exports from New Zealand soared to X kg in 2021, picking up by 298% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 3,995%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, resinoids exports surged to $X in 2021. Overall, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11,013% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for resinoids exports from New Zealand, accounting for a 32% share of total exports. Moreover, resinoids exports to the United States exceeded the volume sent to the second major destination, Fiji (X kg), twofold. China (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-0.8% per year) and China (+7.3% per year).

In value terms, the United States ($X), Singapore ($X) and South Korea ($X) constituted the largest markets for resinoids exported from New Zealand worldwide, together comprising 69% of total exports.

Singapore, with a CAGR of +71.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average resinoids export price stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the export price recorded a moderate expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 169%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Malaysia (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into New Zealand

In 2021, approx. X tons of resinoids were imported into New Zealand; jumping by 97% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 7,768%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, resinoids imports soared to $X in 2021. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 6,230% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Australia (X tons), the United States (X tons) and China (X tons) were the main suppliers of resinoids imports to New Zealand, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +155.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of resinoids to New Zealand, comprising 47% of total imports. The second position in the ranking was taken by Australia ($X), with a 23% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +123.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+142.8% per year) and Malaysia (+128.3% per year).

Import Prices by Country

The average resinoids import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, resinoids import price decreased by -33.6% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+116.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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