New Zealand: Mdf Market 2024

Mdf Market Size in New Zealand

For the third consecutive year, the New Zealand MDF market recorded decline in sales value, which decreased by -1.4% to $X in 2021. Overall, consumption saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mdf Production in New Zealand

In value terms, MDF production soared to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

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Mdf Exports

Exports from New Zealand

In 2021, mdf exports from New Zealand skyrocketed to X cubic meters, jumping by 123% against 2020. In general, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, MDF exports skyrocketed to $X in 2021. Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X cubic meters) was the main destination for MDF exports from New Zealand, with a 48% share of total exports. Moreover, MDF exports to Japan exceeded the volume sent to the second major destination, the United States (X cubic meters), fourfold. The third position in this ranking was taken by Vietnam (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.2% per year) and Vietnam (+9.4% per year).

In value terms, Japan ($X) remains the key foreign market for MDF exports from New Zealand, comprising 57% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Vietnam, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.8% per year) and Vietnam (+9.6% per year).

Export Prices by Country

The average MDF export price stood at $X per cubic meter in 2021, declining by -9.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into New Zealand

In 2021, mdf imports into New Zealand surged to X cubic meters, rising by 64% against the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, MDF imports soared to $X in 2021. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X cubic meters) constituted the largest MDF supplier to New Zealand, accounting for a 47% share of total imports. Moreover, MDF imports from Belgium exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), twofold. The third position in this ranking was held by China (X cubic meters), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +104.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+18.5% per year) and China (+13.2% per year).

In value terms, the largest MDF suppliers to New Zealand were Belgium ($X), Australia ($X) and China ($X), with a combined 73% share of total imports.

Belgium, with a CAGR of +77.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average MDF import price amounted to $X per cubic meter, waning by -6.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 8.2%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for Spain ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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