New Zealand: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in New Zealand

In 2022, the New Zealand saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Production of Saturated Acyclic Monocarboxylic Acids in New Zealand

In value terms, saturated acyclic monocarboxylic acids production declined to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from New Zealand

In 2022, saturated acyclic monocarboxylic acids exports from New Zealand fell dramatically to X tons, with a decrease of X% compared with 2021. In general, exports showed a dramatic descent. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports contracted sharply to $X in 2022. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Fiji (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from New Zealand, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Fiji exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was taken by New Caledonia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Fiji stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and New Caledonia (X% per year).

In value terms, Fiji ($X) emerged as the key foreign market for saturated acyclic monocarboxylic acids exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with an X% share of total exports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and New Caledonia (X% per year).

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Australia ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into New Zealand

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were imported into New Zealand; waning by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, saturated acyclic monocarboxylic acids imports soared to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to New Zealand, with a combined X% share of total imports. Singapore, Australia, South Korea, the Netherlands, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and China ($X) were the largest saturated acyclic monocarboxylic acids suppliers to New Zealand, together accounting for X% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of X%, 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

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :