New Zealand: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in New Zealand

In 2021, the New Zealand ethylene polymer rigid pipes market decreased by -2.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.5% against 2013 indices. Ethylene polymer rigid pipes consumption peaked at $X in 2020, and then dropped modestly in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in New Zealand

In value terms, ethylene polymer rigid pipes production fell slightly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.9% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Ethylene polymer rigid pipes production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from New Zealand

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene decreased by -31.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 83%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports shrank dramatically to $X in 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 139% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons), Cook Islands (X tons) and Papua New Guinea (X tons) were the main destinations of ethylene polymer rigid pipes exports from New Zealand, with a combined 89% share of total exports. These countries were followed by Chile, Thailand, India and Malaysia, which together accounted for a further 7.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +9.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from New Zealand, comprising 58% of total exports. The second position in the ranking was held by Cook Islands ($X), with a 25% share of total exports. It was followed by Chile, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+8.0% per year) and Chile (-12.2% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, growing by 8.4% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 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 Thailand ($X per ton), while the average price for exports to Papua New Guinea ($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 Thailand (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into New Zealand

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 9.3% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, ethylene polymer rigid pipes imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 66% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Australia (X tons) and China (X tons) were the main suppliers of ethylene polymer rigid pipes imports to New Zealand, with a combined 94% share of total imports. These countries were followed by Israel, which accounted for a further 1.9%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +76.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Australia ($X) and China ($X) were the largest ethylene polymer rigid pipes suppliers to New Zealand, with a combined 85% share of total imports. Israel lagged somewhat behind, comprising a further 3.4%.

Among the main suppliers, Israel, with a CAGR of +79.6%, recorded the highest rates of growth with regard to 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 ethylene polymer rigid pipes import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Israel ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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