New Zealand: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in New Zealand

The New Zealand market for soap and organic surface-active products in bars other than for toilet use surged to $X in 2022, with an increase of 49% 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, consumption continues to indicate a significant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from New Zealand

In 2022, overseas shipments of soap and organic surface-active products in bars other than for toilet use increased by 79% to X tons, rising for the third year in a row after three years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 452%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 305% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from New Zealand, accounting for a 85% share of total exports. Moreover, exports of soap and organic surface-active products in bars other than for toilet use to Australia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Fiji (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+93.7% per year) and Fiji (+15.3% per year).

In value terms, Australia ($X) remains the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from New Zealand, comprising 83% of total exports. The second position in the ranking was held by the United States ($X), with a 7.4% share of total exports. It was followed by Fiji, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+75.8% per year) and Fiji (+6.3% per year).

Export Prices by Country

The average export price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, waning by -1.8% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 57%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($X per ton), while the average price for exports to Fiji ($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 Cook Islands (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into New Zealand

In 2022, approx. X tons of soap and organic surface-active products in bars other than for toilet use were imported into New Zealand; rising by 52% compared with the year before. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 180%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use soared to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 154%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Singapore (X tons), China (X tons) and Australia (X tons) were the main suppliers of imports of soap and organic surface-active products in bars other than for toilet use to New Zealand, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +208.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Australia ($X) were the largest soap in bars other than for toilet use suppliers to New Zealand, with a combined 85% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +230.4%, 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 import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, surging by 8.5% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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