New Zealand: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in New Zealand

The New Zealand non-cotton terry towelling market soared to $X in 2023, jumping by X% against the previous year. In general, consumption recorded a buoyant expansion. Non-cotton terry towelling consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Non-Cotton Terry Towelling Production in New Zealand

In value terms, non-cotton terry towelling production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports from New Zealand

In 2023, overseas shipments of terry towelling (excluding of cotton) decreased by X% to X square meters, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X square meters in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling exports declined notably to $X in 2023. In general, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Vanuatu (X square meters) was the main destination for non-cotton terry towelling exports from New Zealand, with a X% share of total exports. Moreover, non-cotton terry towelling exports to Vanuatu exceeded the volume sent to the second major destination, Ireland (X square meters), ninefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Vanuatu was relatively modest.

From 2012 to 2023, the average annual growth rate of value to Vanuatu was relatively modest.

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2023, shrinking by X% against the previous year. In general, the export price, however, continues to indicate moderate growth. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per square meter, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vanuatu ($X per square meter), while the average price for exports to Ireland stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into New Zealand

In 2023, non-cotton terry towelling imports into New Zealand soared to X square meters, picking up by X% compared with 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X square meters in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling imports skyrocketed to $X in 2023. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X square meters) was the main supplier of non-cotton terry towelling to New Zealand, with a X% share of total imports. It was followed by Thailand (X square meters), with a X% share of total imports. The third position in this ranking was held by Japan (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of terry towelling (excluding of cotton) to New Zealand, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from South Korea ($X per square meter) and Thailand ($X per square meter), while the price for Japan ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform