New Zealand: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in New Zealand

The New Zealand non-reinforced rubber tubing market expanded significantly to $X in 2021, increasing by 9.4% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Non-Reinforced Rubber Tubing Production in New Zealand

In value terms, non-reinforced rubber tubing production rose to $X in 2021 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 84%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from New Zealand

In 2021, shipments abroad of rubber tubing not reinforced increased by 0.5% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 902%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, non-reinforced rubber tubing exports contracted to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2018 when exports increased by 932%. Over the period under review, the exports attained the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for non-reinforced rubber tubing exports from New Zealand, with a 34% share of total exports. Moreover, non-reinforced rubber tubing exports to Germany exceeded the volume sent to the second major destination, Ireland (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +147.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+18.8% per year) and the United States (+62.1% per year).

In value terms, Germany ($X) remains the key foreign market for rubber tubing not reinforced exports from New Zealand, comprising 34% of total exports. The second position in the ranking was taken by Ireland ($X), with a 15% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +144.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+10.0% per year) and the United States (+67.8% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, with a decrease of -7.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Reinforced Rubber Tubing Imports

Imports into New Zealand

In 2021, supplies from abroad of rubber tubing not reinforced increased by 21% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest non-reinforced rubber tubing supplier to New Zealand, with a 27% share of total imports. Moreover, non-reinforced rubber tubing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.5% per year) and Australia (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of rubber tubing not reinforced to New Zealand, comprising 27% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.3% per year) and Australia (-5.2% per year).

Import Prices by Country

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, surging by 8.1% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 31%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Australia ($X per ton), while the price for Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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