New Zealand: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in New Zealand

The New Zealand market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021, increasing by 111% 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). Overall, consumption continues to indicate a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from New Zealand

Exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from New Zealand surged to X tons in 2021, growing by 78% against the previous year's figure. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume 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, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Caledonia (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from New Zealand, accounting for a 47% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to New Caledonia exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Caledonia totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-2.5% per year) and Australia (+6.5% per year).

In value terms, New Caledonia ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from New Zealand, comprising 46% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 15% share of total exports. It was followed by Fiji, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Caledonia stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-5.6% per year) and Fiji (-7.6% per year).

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, picking up by 5.7% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton. 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 Papua New Guinea ($X per ton), while the average price for exports to Australia ($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 Australia (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into New Zealand

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles imported into New Zealand soared to X tons, jumping by 81% on 2020 figures. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, imports continue to indicate buoyant growth. 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 glass fibre filament, roving, and staple glass fibre article supplier to New Zealand, with a 69% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.2% per year) and the UK (+88.6% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to New Zealand, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by the UK, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.8% per year) and the UK (+67.6% per year).

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the import price continues to indicate mild growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :