Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (CIF) - 2024
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (FOB) - 2024
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (CIF) - 2024
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $746 per ton, rising by 1.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 9.8% m-o-m. The import price peaked in November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Singapore ($749 per ton), while the price for Malaysia ($741 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (FOB) - 2024
In November 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,585 per ton, picking up by 39% against the previous month. In general, export price indicated a pronounced increase from January 2023 to November 2023: its price increased at an average monthly rate of +4.3% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by +64.4% against June 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($2,178 per ton), while the average price for exports to Niue ($1,015 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand
For the fourth year in a row, New Zealand recorded growth in purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which increased by 43% to 2.2M tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $1.9B in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 261 | 218 | 282 | 950 | 53.8% |
| South Korea | 329 | 353 | 489 | 693 | 28.2% |
| Malaysia | 15.0 | N/A | N/A | 162 | 121.0% |
| India | 0.2 | 0.2 | 0.3 | 51.7 | 537.0% |
| Others | 79.5 | 17.6 | 6.6 | 7.2 | -55.1% |
| Total | 685 | 589 | 778 | 1,864 | 39.6% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to New Zealand in 2022:
- Singapore (1067.4K tons)
- South Korea (875.3K tons)
- Malaysia (169.3K tons)
- India (50.3K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand
In 2022, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from New Zealand surged to 38K tons, rising by 72% compared with the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 231% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $43M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 562%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 24.0 | 35.2 | 46.7% |
| Cook Islands | 1.9 | 1.6 | 2.2 | 3.9 | 27.1% |
| Marshall Islands | 1.8 | 1.6 | 0.9 | 2.3 | 8.5% |
| Niue | 0.6 | 0.6 | 0.7 | 1.0 | 18.6% |
| Others | 0.2 | 0.5 | 0.6 | 0.7 | 51.8% |
| Total | 4.5 | 4.3 | 28.4 | 43.1 | 112.4% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from New Zealand in 2022:
- Singapore (18.9K tons)
- Cook Islands (15.9K tons)
- Marshall Islands (2.0K tons)
- Niue (1.0K tons)
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