New Zealand: Silicone Market 2025

Silicone Market Size in New Zealand

The New Zealand silicone market skyrocketed to $X in 2021, with an increase of 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Silicone Exports

Exports from New Zealand

In 2021, silicone exports from New Zealand shrank dramatically to X tons, which is down by -31.4% against the year before. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2018 when exports increased by 350% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, silicone exports declined to $X in 2021. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 186% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for silicone exports from New Zealand, with a 65% share of total exports. Moreover, silicone exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), sixfold. China (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+11.7% per year) and China (+17.2% per year).

In value terms, Australia ($X) remains the key foreign market for silicones (in primary forms) exports from New Zealand, comprising 69% of total exports. The second position in the ranking was held by Fiji ($X), with a 6% share of total exports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+3.3% per year) and China (+15.1% per year).

Export Prices by Country

In 2021, the average silicone export price amounted to $X per ton, picking up by 35% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into New Zealand

In 2021, overseas purchases of silicones (in primary forms) were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.6% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, silicone imports soared to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Germany (X tons) were the main suppliers of silicone imports to New Zealand, together comprising 73% of total imports. These countries were followed by the United States, Australia, the Netherlands and the UK, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicone suppliers to New Zealand were the United States ($X), Thailand ($X) and Germany ($X), with a combined 71% share of total imports. China, Australia, the Netherlands and the UK lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, the Netherlands, with a CAGR of +36.7%, 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 silicone import price stood at $X per ton in 2021, shrinking by -6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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