Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $160,109 per ton in 2022, growing by 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($247,417 per ton), while the price for Switzerland ($100,794 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand (FOB) - 2022

In 2021, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $176,223 per ton, shrinking by -5.8% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 1,501% against the previous year. As a result, the export price attained the peak level of $3,488 per kg. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vanuatu ($233,667 per ton), while the average price for exports to Australia ($74,000 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) (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand

In 2022, imports of balances; of a sensitivity of 5cg or better, with or without weightses into New Zealand rose markedly to 4.5 tons, with an increase of 15% on the year before. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.5% 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 +92.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses soared to $721K in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 35%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to New Zealand in 2022:

1. Australia (1075.0 kg)
2. Switzerland (873.0 kg)
3. United States (825.0 kg)
4. Germany (761.0 kg)
5. China (680.0 kg)
6. South Korea (136.0 kg)
7. Poland (82.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in New Zealand

Exports of balances; of a sensitivity of 5cg or better, with or without weightses from New Zealand amounted to 38 kg in 2021, with an increase of 2.7% compared with the previous year's figure. Over the period under review, exports, however, saw a dramatic decline.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses contracted to $6.7K in 2021. Overall, exports, however, continue to indicate a significant decline.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from New Zealand in 2022:

1. Fiji (16.0 kg)
2. Samoa (9.0 kg)
3. Taiwan (Chinese) (7.0 kg)
4. Vanuatu (3.0 kg)
5. United States (2.0 kg)
6. Australia (1.0 kg)

Source: IndexBox Market Intelligence Platform