New Zealand: Safety Glass Market 2024

Safety Glass Exports

Exports from New Zealand

In 2022, exports of safety glass from New Zealand shrank dramatically to X square meters, waning by -41.2% on the previous year. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2017 when exports increased by 166%. Over the period under review, the exports attained the peak figure at X square meters in 2021, and then fell sharply in the following year.

In value terms, safety glass exports reduced markedly to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 28%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X square meters) was the main destination for safety glass exports from New Zealand, with a 67% share of total exports. Moreover, safety glass exports to Australia exceeded the volume sent to the second major destination, the United States (X square meters), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X square meters), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+35.1% per year) and Taiwan (Chinese) (+55.3% per year).

In value terms, Australia ($X) remains the key foreign market for safety glass exports from New Zealand, comprising 96% of total exports. The second position in the ranking was held by the United States ($X), with a 32% share of total exports. It was followed by Fiji, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.8% per year) and Fiji (-0.8% per year).

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, with a decrease of -10.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 14%. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per square meter), while the average price for exports to Spain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-1.8%), while the prices for the other major destinations experienced a decline.

Safety Glass Imports

Imports into New Zealand

In 2022, the amount of safety glass imported into New Zealand fell to X square meters, which is down by -1.8% compared with the previous year's figure. Overall, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 117%. As a result, imports reached the peak of X square meters; afterwards, it flattened through to 2022.

In value terms, safety glass imports dropped to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest safety glass supplier to New Zealand, accounting for a 70% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), tenfold. The third position in this ranking was held by the United States (X square meters), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+38.6% per year) and the United States (+28.1% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to New Zealand, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.8% share of total imports. It was followed by Thailand, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.4% per year) and Thailand (+34.6% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, surging by 10% against the previous year. Overall, the import price continues to indicate a measured increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 105%. Over the period under review, average import prices attained the maximum at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 Japan ($X per square meter), while the price for Israel ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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