New Zealand: Synthetic Rubber Market 2025

Synthetic Rubber Market Size in New Zealand

After three years of decline, the New Zealand synthetic rubber market increased by 48% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic rubber consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Synthetic Rubber Exports

Exports from New Zealand

In 2021, the amount of synthetic rubber exported from New Zealand soared to X tons, rising by 73% on the year before. Over the period under review, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 793% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic rubber exports surged to $X in 2021. In general, exports continue to indicate a temperate increase. The growth pace was the most rapid in 2014 when exports increased by 378%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Fiji (X tons), Australia (X tons) and Singapore (X tons) were the main destinations of synthetic rubber exports from New Zealand, with a combined 90% share of total exports. The UK, Cook Islands, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +618.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic rubber exported from New Zealand were Fiji ($X), Cook Islands ($X) and the UK ($X), together accounting for 48% of total exports.

The UK, with a CAGR of +183.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2021, increasing by 44% against the previous year. In general, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 137%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cook Islands ($X per ton), while the average price for exports to Singapore ($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 Taiwan (Chinese) (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into New Zealand

After three years of decline, supplies from abroad of synthetic rubber increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, synthetic rubber imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of synthetic rubber imports to New Zealand, with a combined 62% share of total imports. These countries were followed by Malaysia, the UK, the United States, France, Japan and Australia, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +48.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to New Zealand were Indonesia ($X), South Korea ($X) and the United States ($X), with a combined 43% share of total imports. The UK, France, Germany, Malaysia, Japan and Australia lagged somewhat behind, together accounting for a further 40%.

France, with a CAGR of +39.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic rubber import price stood at $X per ton in 2021, jumping by 37% against the previous year. In general, the import price, however, saw a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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