New Zealand - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

New Zealand - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Price in New Zealand - 2023

Contents:

  1. Polyethylene Price in New Zealand (CIF) - 2023
  2. Polyethylene Price in New Zealand (FOB) - 2022
  3. Polyethylene Imports in New Zealand
  4. Polyethylene Exports in New Zealand

Polyethylene Price in New Zealand (CIF) - 2023

In August 2023, the average polyethylene import price amounted to $1,188 per ton, dropping by -11.2% against the previous month. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in May 2023 an increase of 2% against the previous month. The import price peaked at $1,727 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Singapore ($1,291 per ton) and Thailand ($1,216 per ton), while the price for South Korea ($1,092 per ton) and Qatar ($1,093 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Australia (-1.9%), while the prices for the other major suppliers experienced a decline.

Polyethylene Price in New Zealand (FOB) - 2022

In 2022, the average polyethylene export price amounted to $880 per ton, with a decrease of -2.4% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $2,066 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($2,153 per ton), while the average price for exports to Vietnam ($423 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 Hong Kong SAR (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Imports in New Zealand

Polyethylene imports into New Zealand contracted rapidly to 53K tons in 2022, declining by -30% on 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 76K tons, and then contracted markedly in the following year.

In value terms, polyethylene imports reduced dramatically to $86M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $108M, and then fell remarkably in the following year.

Import of Polyethylene in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore24.818.228.821.6-4.5%
Thailand26.416.027.521.5-6.6%
United Arab Emirates1.78.319.915.4108.5%
Qatar3.82.86.06.016.4%
United States4.56.34.94.60.7%
Australia3.43.65.24.59.8%
Saudi Arabia4.33.05.13.8-4.0%
South Korea3.63.03.23.1-4.9%
China2.20.20.51.7-8.2%
Malaysia2.61.72.60.5-42.3%
Others5.83.64.53.8-13.1%
Total83.266.710886.41.3%

Top Suppliers of Polyethylene to New Zealand in 2022:

  1. Singapore (12.7K tons)
  2. Thailand (12.7K tons)
  3. United Arab Emirates (9.7K tons)
  4. Qatar (4.1K tons)
  5. Australia (3.3K tons)
  6. United States (2.8K tons)
  7. Saudi Arabia (2.6K tons)
  8. South Korea (2.0K tons)
  9. China (1.2K tons)
  10. Malaysia (0.3K tons)

Polyethylene Exports in New Zealand

In 2022, exports of polyethylene with a specific gravity of more then 0,94, in primary forms from New Zealand surged to 1.3K tons, picking up by 77% on 2021 figures. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene exports soared to $1.1M in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Polyethylene in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia50143847673913.8%
China61.79.232.612827.5%
Fiji4.429.634.594.1177.6%
IndonesiaN/AN/A35.754.452.4%
SingaporeN/AN/AN/A31.60%
India7.412.631.121.442.5%
VietnamN/AN/AN/A20.30%
Malaysia1083.4N/AN/A-96.9%
Others23.01.329.713.6-16.1%
Total7064956401,10316.0%

Top Export Markets for Polyethylene from New Zealand in 2022:

  1. Australia (765.2 tons)
  2. China (181.3 tons)
  3. Indonesia (108.3 tons)
  4. Singapore (48.0 tons)
  5. Vietnam (48.0 tons)
  6. India (43.9 tons)
  7. Fiji (43.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene market 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 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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