New Zealand: Twine Product Market 2024

Twine Product Market Size in New Zealand

The New Zealand twine product market contracted dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Twine Product Production in New Zealand

In value terms, twine product production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Twine Product Exports

Exports from New Zealand

In 2022, overseas shipments of articles of twine, cordage, rope or cables increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, twine product exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Australia (X tons) was the main destination for twine product exports from New Zealand, accounting for a X% share of total exports. Moreover, twine product exports to Australia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled X%.

In value terms, Australia ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%.

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%).

Twine Product Imports

Imports into New Zealand

Twine product imports into New Zealand shrank significantly to X tons in 2022, declining by X% against 2021 figures. In general, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, twine product imports reduced dramatically to $X in 2022. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of twine product to New Zealand, accounting for a X% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to New Zealand, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average twine product import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($X per ton) and Italy ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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