New Zealand: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in New Zealand

The New Zealand polyethylene glycol and polyether market amounted to less than $X in 2023, standing approx. at the previous year. Overall, consumption recorded a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in New Zealand

In value terms, polyethylene glycol and polyether production totaled less than $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from New Zealand

After two years of growth, overseas shipments of polyethylene glycols and polyethers in primary forms decreased by X% to X tons in 2021. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports fell to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for polyethylene glycol and polyether exports from New Zealand, with a X% share of total exports. Moreover, polyethylene glycol and polyether exports to India exceeded the volume sent to the second major destination, French Polynesia (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (X% per year) and South Korea (X% per year).

In value terms, French Polynesia ($X), Samoa ($X) and India ($X) were the largest markets for polyethylene glycol and polyether exported from New Zealand worldwide, together accounting for X% of total exports.

Among the main countries of destination, Samoa, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India ($X 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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in overseas purchases of polyethylene glycols and polyethers in primary forms, when their volume increased by X% to X tons. Overall, imports, however, recorded a deep slump. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest polyethylene glycol and polyether supplier to New Zealand, accounting for a X% share of total imports. Moreover, polyethylene glycol and polyether imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the largest polyethylene glycol and polyether suppliers to New Zealand were Thailand ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Singapore, Australia, South Korea, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform