Price for Poly(Lactic Acid); in Primary Forms in New Zealand - 2023

Contents:

  1. Price for Poly(Lactic Acid); in Primary Forms in New Zealand (CIF) - 2022
  2. Price for Poly(Lactic Acid); in Primary Forms in New Zealand (FOB) - 2022
  3. Imports of Poly(Lactic Acid); in Primary Forms in New Zealand
  4. Exports of Poly(Lactic Acid); in Primary Forms in New Zealand

Price for Poly(Lactic Acid); in Primary Forms in New Zealand (CIF) - 2022

In 2022, the average import price for poly(lactic acid); in primary formses amounted to $3,819 per ton, falling by -21.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 46%. As a result, import price attained the peak level of $6,133 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($8,566 per ton), while the price for China ($3,483 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Poly(Lactic Acid); in Primary Forms in New Zealand (FOB) - 2022

The average export price for poly(lactic acid); in primary formses stood at $1,738 per ton in 2022, with a decrease of -57.5% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 103% against the previous year. The export price peaked at $4,087 per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($3,899 per ton), while the average price for exports to Malaysia ($57 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 Australia (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Poly(Lactic Acid); in Primary Forms in New Zealand

Poly(lactic acid); in primary forms imports into New Zealand soared to 114 tons in 2022, picking up by 132% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 209% against the previous year. As a result, imports attained the peak of 136 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, poly(lactic acid); in primary forms imports surged to $435K in 2022. Overall, imports posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. As a result, imports reached the peak of $530K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Poly(Lactic Acid); in Primary Forms in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States12321114137645.1%
South Korea60.763.447.035.5-16.4%
ThailandN/A2212.210.4-78.3%
China83.531.841.48.3-53.7%
Others2.52.96.35.126.8%
Total27053023843517.2%

Top Suppliers of Poly(Lactic Acid); in Primary Forms to New Zealand in 2022:

  1. United States (102.3 tons)
  2. South Korea (8.0 tons)
  3. China (2.4 tons)
  4. Thailand (1.2 tons)

Exports of Poly(Lactic Acid); in Primary Forms in New Zealand

In 2022, the amount of poly(lactic acid); in primary formses exported from New Zealand soared to 36 tons, jumping by 202% compared with the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 212%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, poly(lactic acid); in primary forms exports soared to $63K in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 320%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Export of Poly(Lactic Acid); in Primary Forms in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/A13.930.8121.6%
Thailand6.8N/A22.230.665.1%
MalaysiaN/AN/AN/A1.10%
Taiwan (Chinese)N/A11.612.6N/A8.6%
Others0.8N/AN/AN/A0%
Total7.611.648.762.5101.8%

Top Export Markets for Poly(Lactic Acid); in Primary Forms from New Zealand in 2022:

  1. Malaysia (20.0 tons)
  2. Australia (8.1 tons)
  3. Thailand (7.8 tons)

Source: IndexBox Market Intelligence Platform

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