New Zealand: Veneer Sheet Market 2024

Veneer Sheet Market Size in New Zealand

In 2022, the New Zealand veneer sheet market increased by 86% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Veneer Sheet Production in New Zealand

In value terms, veneer sheet production contracted modestly to $X in 2022 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from New Zealand

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported from New Zealand; dropping by -54.6% on 2021. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 80%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports dropped dramatically to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X square meters) was the main destination for veneer sheet exports from New Zealand, accounting for a 63% share of total exports. Moreover, veneer sheet exports to the Philippines exceeded the volume sent to the second major destination, Taiwan (Chinese) (X square meters), fivefold. The United States (X square meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-10.6% per year) and the United States (+15.1% per year).

In value terms, the Philippines ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from New Zealand, comprising 46% of total exports. The second position in the ranking was held by Australia ($X), with a 23% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+12.8% per year) and the United States (+20.4% per year).

Export Prices by Country

In 2022, the average veneer sheet export price amounted to $X per square meter, increasing by 56% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 79%. The export price peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into New Zealand

In 2022, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 361% to X square meters, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheet imports soared to $X in 2022. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X square meters) constituted the largest supplier of veneer sheet to New Zealand, accounting for a 59% share of total imports. Moreover, veneer sheet imports from South Africa exceeded the figures recorded by the second-largest supplier, Australia (X square meters), threefold. The United States (X square meters) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa totaled +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+25.2% per year) and the United States (+8.5% per year).

In value terms, South Africa ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to New Zealand, comprising 60% of total imports. The second position in the ranking was held by Australia ($X), with a 19% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+4.6% per year) and the United States (+0.3% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, reducing by -20.7% against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 86%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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