Price for Ethylene Polymers; Waste, Parings and Scrap in New Zealand - 2024

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in New Zealand (FOB) - 2024
2. Price for Ethylene Polymers; Waste, Parings and Scrap in New Zealand (CIF) - 2022
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in New Zealand
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in New Zealand

Price for Ethylene Polymers; Waste, Parings and Scrap in New Zealand (FOB) - 2024

In January 2024, the average export price for ethylene polymers; waste, parings and scraps amounted to $210 per ton, with a decrease of -8.5% against the previous month. In general, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in March 2023 when the average export price increased by 27% month-to-month. The export price peaked at $300 per ton in April 2023; however, from May 2023 to January 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Taiwan (Chinese) ($328 per ton), while the average price for exports to Malaysia ($171 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.9%), while the prices for the other major destinations experienced a decline.

Price for Ethylene Polymers; Waste, Parings and Scrap in New Zealand (CIF) - 2022

The average import price for ethylene polymers; waste, parings and scraps stood at $772 per ton in 2022, leveling off at the previous year. Over the period under review, the import price showed a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 42% against the previous year. The import price peaked at $1,396 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.5% per year.

Exports of Ethylene Polymers; Waste, Parings and Scrap in New Zealand

After two years of decline, shipments abroad of ethylene polymers; waste, parings and scraps increased by 2.8% to 14K tons in 2022. Over the period under review, exports, however, saw a drastic downturn.

In value terms, exports of ethylene polymers; waste, parings and scraps contracted modestly to $5.1M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 68%. As a result, the exports attained the peak of $5.1M, leveling off in the following year.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from New Zealand in 2022:

1. Indonesia (5.5K tons)
2. Malaysia (4.3K tons)
3. Thailand (2.6K tons)
4. Australia (0.8K tons)
5. Taiwan (Chinese) (0.7K tons)
6. Hong Kong SAR (0.3K tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in New Zealand

For the third consecutive year, New Zealand recorded decline in purchases abroad of ethylene polymers; waste, parings and scraps, which decreased by 0% to 912 kg in 2022. In general, imports saw a significant contraction. The smallest decline of -90.9% was in 2020.

In value terms, imports of ethylene polymers; waste, parings and scraps totaled $704 in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The smallest decline of -94% was in 2020.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to New Zealand in 2022:

1. United States (912.0 kg)

Source: IndexBox Market Intelligence Platform