$New Zealand - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: Jul 1, 2024

New Zealand - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Synthetic Rubber (Excluding Latex) in New Zealand - 2023

Price for Synthetic Rubber (Excluding Latex) in New Zealand (CIF) - 2023

The average synthetic rubber (excluding latex) import price stood at $2,797 per ton in September 2023, with a decrease of -12.3% against the previous month. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in July 2023 an increase of 52% against the previous month. Over the period under review, average import prices reached the maximum at $4,452 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($4,772 per ton), while the price for South Korea ($2,040 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Rubber (Excluding Latex) in New Zealand (FOB) - 2022

In 2021, the average synthetic rubber (excluding latex) export price amounted to $11,313 per ton, rising by 173% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($8,878 per ton), while the average price for exports to French Polynesia ($1,460 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+63.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex) in New Zealand

In 2022, after three years of growth, there was significant decline in purchases abroad of synthetic rubber (excluding latex), when their volume decreased by -44.3% to 2.5K tons. Over the period under review, imports saw a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of 4.4K tons, and then declined remarkably in the following year.

In value terms, synthetic rubber (excluding latex) imports contracted rapidly to $9.2M in 2022. Overall, imports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2021 when imports increased by 66%. As a result, imports reached the peak of $15M, and then contracted sharply in the following year.

Import of Synthetic Rubber (Excluding Latex) in New Zealand (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United States	1.5	1.5	2.8	36.6%
United Kingdom	1.2	1.2	2.6	47.2%
South Korea	1.9	1.7	2.6	17.0%
France	0.7	1.7	2.2	77.3%
Japan	1.0	0.8	1.3	14.0%
Italy	0.4	0.8	1.0	58.1%
Malaysia	0.5	0.4	0.8	26.5%
China	0.6	0.2	0.4	-18.4%
Others	0.7	0.7	1.2	30.9%
Total	8.5	9.0	14.9	32.4%

Top Suppliers of Synthetic Rubber (Excluding Latex) to New Zealand in 2022:

South Korea (1127.1 tons)
United Kingdom (749.4 tons)
United States (579.1 tons)
France (539.4 tons)
Japan (338.3 tons)
Malaysia (323.2 tons)
Italy (293.8 tons)
China (83.5 tons)

Exports of Synthetic Rubber (Excluding Latex) in New Zealand

In 2022, synthetic rubber (excluding latex) exports from New Zealand surged to 25 tons, with an increase of 44% against 2021 figures. In general, exports, however, recorded a noticeable slump.

In value terms, synthetic rubber (excluding latex) exports dropped sharply to $144K in 2022. Overall, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports attained the peak of $194K, and then fell markedly in the following year.

Export of Synthetic Rubber (Excluding Latex) in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Fiji	28.4	30.1	62.2	48.0%
Cook Islands	33.1	56.6	51.5	24.7%
United Kingdom	6.9	N/A	46.4	159.3%
Taiwan (Chinese)	15.2	N/A	36.1	54.1%
Australia	39.9	127	28.2	-15.9%
Thailand	N/A	2.7	15.9	488.9%
French Polynesia	4.6	15.6	5.0	4.3%
Maldives	11.5	N/A	N/A	0%
India	75.9	N/A	N/A	0%
Others	-60.3	-104.1	-50.8	-8.2%
Total	155	128	194	11.9%

Top Export Markets for Synthetic Rubber (Excluding Latex) from New Zealand in 2022:

Cook Islands (13.3 tons)
United Kingdom (10.4 tons)
Australia (9.9 tons)
Fiji (7.0 tons)
Taiwan (Chinese) (5.1 tons)
French Polynesia (3.5 tons)
Thailand (3.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023