New Zealand: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in New Zealand

After five years of growth, the New Zealand vulcanised cellular rubber articles market decreased by -5.7% to $X in 2021. Overall, consumption, however, posted buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in New Zealand

In value terms, vulcanised cellular rubber articles production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 50%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from New Zealand

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 3,866%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 5,485% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for vulcanised cellular rubber articles exports from New Zealand, with a 84% share of total exports. Moreover, vulcanised cellular rubber articles exports to Australia exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+126.2% per year) and the United States (+63.2% per year).

In value terms, Australia ($X) emerged as the key foreign market for vulcanised cellular rubber articles for technical uses exports from New Zealand, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 6% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+132.3% per year) and the United States (+65.9% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 41%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were the United States ($X per ton) and Fiji ($X per ton), while the average price for exports to Canada ($X per ton) and Australia ($X per ton) were 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 Vulcanised Cellular Rubber Articles For Technical Uses

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in purchases abroad of vulcanised cellular rubber articles for technical uses, when their volume increased by 203% to X tons. In general, imports recorded a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of vulcanised cellular rubber articles imports to New Zealand, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +129.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles suppliers to New Zealand were Germany ($X), China ($X) and Australia ($X), with a combined 76% share of total imports. The United Arab Emirates, the United States, Indonesia, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +105.3%, saw 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

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, picking up by 2.3% against the previous year. Over the period under review, the import price continues to indicate a mild expansion. The growth pace was the most rapid in 2014 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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