Price for Waste, Parings and Scrap, of Plastics in New Zealand - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in New Zealand (FOB) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in New Zealand (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in New Zealand
4. Imports of Waste, Parings and Scrap, of Plastics in New Zealand

Price for Waste, Parings and Scrap, of Plastics in New Zealand (FOB) - 2023

In December 2023, the average export price for waste, parings and scrap, of plasticses amounted to $182 per ton, shrinking by -2.4% against the previous month. Overall, the export price showed a perceptible setback. The pace of growth was the most pronounced in March 2023 an increase of 12% against the previous month. The export price peaked at $249 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($379 per ton), while the average price for exports to China ($37.0 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in New Zealand (CIF) - 2022

In 2022, the average import price for waste, parings and scrap, of plasticses amounted to $951 per ton, surging by 16% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for waste, parings and scrap, of plasticses increased by +60.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $1,093 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Australia ($1,374 per ton), while the price for Germany ($852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in New Zealand

In 2022, the amount of waste, parings and scrap, of plasticses exported from New Zealand reduced remarkably to 18K tons, declining by -19.5% on the previous year. Over the period under review, exports saw a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 3.6%.

In value terms, exports of waste, parings and scrap, of plasticses shrank slightly to $5.8M in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 61%. As a result, the exports reached the peak of $5.8M, and then fell slightly in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from New Zealand in 2022:

1. Malaysia (6.9K tons)
2. Indonesia (6.2K tons)
3. Thailand (1.7K tons)
4. Australia (1.3K tons)
5. Taiwan (Chinese) (0.8K tons)
6. Hong Kong SAR (0.5K tons)
7. China (0.3K tons)

Imports of Waste, Parings and Scrap, of Plastics in New Zealand

In 2022, the amount of waste, parings and scrap, of plasticses imported into New Zealand fell dramatically to 3.7K tons, with a decrease of -43.8% on 2021 figures. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of 6.6K tons, and then reduced rapidly in the following year.

In value terms, imports of waste, parings and scrap, of plasticses shrank significantly to $3.5M in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of $5.5M, and then declined remarkably in the following year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to New Zealand in 2022:

1. Germany (1741.2 tons)
2. China (1080.5 tons)
3. Taiwan (Chinese) (840.6 tons)
4. Australia (61.2 tons)

Source: IndexBox Market Intelligence Platform