New Zealand: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in New Zealand

The New Zealand glass fibre fabrics market declined to $X in 2022, with a decrease of -10.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt contraction. Glass fibre fabrics consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Exports

Exports from New Zealand

Glass fibre fabrics exports from New Zealand dropped to X tons in 2022, with a decrease of -10.1% against 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 64% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre fabrics exports declined to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for glass fibre fabrics exports from New Zealand, accounting for a 41% share of total exports. Moreover, glass fibre fabrics exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), threefold. The third position in this ranking was taken by New Caledonia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+8.1% per year) and New Caledonia (-15.3% per year).

In value terms, Australia ($X), New Caledonia ($X) and French Polynesia ($X) constituted the largest markets for glass fibre fabrics exported from New Zealand worldwide, with a combined 70% share of total exports. Fiji, Solomon Islands, Vanuatu, Tonga and Hong Kong SAR lagged somewhat behind, together comprising a further 29%.

Fiji, with a CAGR of -1.3%, 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 a decline.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, increasing by 9.7% against the previous year. Overall, the export price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 New Caledonia ($X per ton), while the average price for exports to Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into New Zealand

In 2022, approx. X tons of glass fibre fabrics were imported into New Zealand; waning by -18.8% on 2021. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, glass fibre fabrics imports reduced to $X in 2022. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of glass fibre fabrics imports to New Zealand, together accounting for 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +2.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Australia ($X) and Hungary ($X) appeared to be the largest glass fibre fabrics suppliers to New Zealand, with a combined 48% share of total imports.

Hungary, with a CAGR of +0.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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