New Zealand - Cumene - Market Analysis, Forecast, Size, Trends and Insights
New Zealand: Cumene Market 2022
Cumene Market Size in New Zealand
The New Zealand cumene market amounted to less than $X in 2019, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern.
Imports into New Zealand
In 2019, approx. X kg of cumene were imported into New Zealand; declining by -40% against 2018. Over the period under review, imports faced a dramatic downturn. Over the period under review, imports reached the maximum at X kg in 2018, and then contracted rapidly in the following year.
In value terms, cumene imports soared to $X in 2019. The total import value increased at an average annual rate of +35.2% over the period from 2018 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
The United States (X kg) and Germany (X kg) were the main suppliers of cumene imports to New Zealand.
From 2018 to 2019, the biggest increases were in the United States (with a CAGR of 0.0%).
In value terms, the United States ($X) constituted the largest supplier of cumene to New Zealand, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 26% share of total imports.
From 2018 to 2019, the average annual rate of growth in terms of value from the United States was relatively modest.
Import Prices by Country
The average cumene import price stood at $X per ton in 2019, with an increase of 125% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Germany stood at $X per ton.
From 2018 to 2019, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
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This report provides an in-depth analysis of the cumene market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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