New Zealand: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in New Zealand

The New Zealand wood-based panels market contracted modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood-based panels consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in New Zealand

In value terms, wood-based panels production dropped to $X in 2022 estimated in export price. Overall, production saw a slight downturn. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wood-Based Panels Exports

Exports from New Zealand

In 2022, exports of wood-based panels from New Zealand contracted to X cubic meters, dropping by X% compared with the year before. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood-based panels exports stood at $X in 2022. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X cubic meters) was the main destination for wood-based panels exports from New Zealand, accounting for a X% share of total exports. Moreover, wood-based panels exports to Japan exceeded the volume sent to the second major destination, the Philippines (X cubic meters), fourfold. The United States (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the United States (X% per year).

In value terms, Japan ($X) remains the key foreign market for wood-based panels exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by the Philippines, with an X% share.

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

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

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

Wood-Based Panels Imports

Imports into New Zealand

For the ninth consecutive year, New Zealand recorded growth in purchases abroad of wood-based panels, which increased by X% to X cubic meters in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wood-based panels imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X cubic meters), Chile (X cubic meters) and Australia (X cubic meters) were the main suppliers of wood-based panels imports to New Zealand, with a combined X% share of total imports. Germany, Belgium, Papua New Guinea, Brazil, Latvia, Spain and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Papua New Guinea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels suppliers to New Zealand were China ($X), Chile ($X) and Australia ($X), together accounting for X% of total imports. Germany, Belgium, Papua New Guinea, Latvia, Brazil, Spain and Malaysia lagged somewhat behind, together comprising a further X%.

Papua New Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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