New Zealand: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in New Zealand

The New Zealand rosin and resin acids market fell markedly to $X in 2022, reducing by X% against the previous year. Overall, consumption showed a abrupt decline. Rosin and resin acids consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Rosin And Resin Acids And Derivatives in New Zealand

In value terms, rosin and resin acids production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from New Zealand

In 2022, shipments abroad of rosin and resin acids and derivatives increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a perceptible decline. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, rosin and resin acids exports soared to $X in 2022. In general, exports, however, continue to indicate a slight contraction. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Australia (X tons) and China (X tons) were the main destinations of rosin and resin acids exports from New Zealand, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Australia ($X) and China ($X) appeared to be the largest markets for rosin and resin acids exported from New Zealand worldwide, together comprising X% of total exports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 rosin and resin acids export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into New Zealand

In 2022, rosin and resin acids imports into New Zealand skyrocketed to X tons, jumping by X% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, rosin and resin acids imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Thailand (X tons) constituted the largest rosin and resin acids supplier to New Zealand, accounting for a X% share of total imports. Moreover, rosin and resin acids imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of rosin and resin acids and derivatives to New Zealand, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United States (X% per year).

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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