New Zealand: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in New Zealand

The New Zealand rubber tube and pipe market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from New Zealand

In 2021, the amount of tubes, pipes and hoses of vulcanized rubber exported from New Zealand surged to X tons, growing by 52% compared with the year before. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 117% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 67%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Australia (X tons) and the United States (X tons) were the main destinations of rubber tube and pipe exports from New Zealand, with a combined 51% share of total exports. Ireland, Denmark, China, the UK, French Polynesia, Fiji and Samoa lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +250.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber tube and pipe exported from New Zealand were Germany ($X), Australia ($X) and the United States ($X), together accounting for 52% of total exports. These countries were followed by Ireland, Denmark, China, the UK, Fiji, French Polynesia and Samoa, which together accounted for a further 36%.

In terms of the main countries of destination, Ireland, with a CAGR of +265.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, surging by 7.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 an increase of 69%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to French Polynesia ($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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into New Zealand

Rubber tube and pipe imports into New Zealand surged to X tons in 2021, growing by 22% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, rubber tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of rubber tube and pipe imports to New Zealand, together accounting for 49% of total imports. Italy, Germany, Malaysia, Thailand, Japan, South Korea, the UK and Turkey lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and the United States ($X) appeared to be the largest rubber tube and pipe suppliers to New Zealand, with a combined 49% share of total imports. These countries were followed by Italy, Germany, Malaysia, the UK, Japan, Thailand, South Korea and Turkey, which together accounted for a further 38%.

Among the main suppliers, South Korea, with a CAGR of +21.2%, recorded the highest growth rate of 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 rubber tube and pipe import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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