New Zealand: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in New Zealand

The New Zealand propylene polymer rigid pipes market fell to $X in 2022, which is down by -12.5% against the previous year. Overall, consumption, however, continues to indicate notable growth. Propylene polymer rigid pipes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in New Zealand

In value terms, propylene polymer rigid pipes production contracted to $X in 2022 estimated in export price. In general, production, however, posted a tangible expansion. The growth pace was the most rapid in 2018 when the production volume increased by 149%. Propylene polymer rigid pipes production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in shipments abroad of rigid tubes, pipes and hoses of polymers of propylene, when their volume decreased by -84.4% to X tons. Overall, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2018 with an increase of 2,492% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports fell markedly to $X in 2022. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 3,495% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Samoa (X tons) was the main destination for propylene polymer rigid pipes exports from New Zealand, with a 83% share of total exports. Moreover, propylene polymer rigid pipes exports to Samoa exceeded the volume sent to the second major destination, Tonga (X kg), more than tenfold. Australia (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Samoa totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (-20.2% per year) and Australia (-39.0% per year).

In value terms, Samoa ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from New Zealand, comprising 61% of total exports. The second position in the ranking was held by Tonga ($X), with a 10% share of total exports. It was followed by Australia, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Samoa totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (-11.7% per year) and Australia (-39.6% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, picking up by 138% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tonga ($X per ton), while the average price for exports to Niue ($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 Papua New Guinea (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into New Zealand

For the fifth consecutive year, New Zealand recorded decline in supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene, which decreased by -60.7% to X tons in 2022. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 59%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports reduced dramatically to $X in 2022. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 58%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of propylene polymer rigid pipes imports to New Zealand, together accounting for 82% of total imports. Australia, Austria and Italy lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +101.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest propylene polymer rigid pipes suppliers to New Zealand, with a combined 71% share of total imports. Australia, Italy and Austria lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Italy, with a CAGR of +92.2%, saw 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 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, waning by -28.7% against the previous year. In general, the import price saw a noticeable setback. The growth pace was the most rapid in 2020 an increase of 39%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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