Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand (CIF) - 2023
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand (CIF) - 2023

The average import price for felt; whether or not impregnated, coated, covered or laminateds stood at $6,634 per ton in November 2023, growing by 17% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($9,593 per ton), while the price for Australia ($6,168 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $5,327 per ton, dropping by -2.1% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs at $21,340 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -6.5% per year.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand

In 2022, the amount of felt; whether or not impregnated, coated, covered or laminateds imported into New Zealand expanded significantly to 1.4K tons, rising by 9.1% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds expanded significantly to $7.9M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to New Zealand in 2022:

1. Australia (613.7 tons)
2. China (314.3 tons)
3. South Africa (113.2 tons)
4. Poland (110.7 tons)
5. Malaysia (89.4 tons)
6. Canada (37.4 tons)
7. India (33.8 tons)
8. United Kingdom (29.8 tons)
9. Sri Lanka (17.8 tons)
10. United States (14.0 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in New Zealand

For the fourth consecutive year, New Zealand recorded growth in shipments abroad of felt; whether or not impregnated, coated, covered or laminateds, which increased by 55% to 445 tons in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,116%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds skyrocketed to $2.4M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 805%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from New Zealand in 2022:

1. Australia (438.8 tons)

Source: IndexBox Market Intelligence Platform