New Zealand: Zinc Oxide Market 2024

Zinc Oxide Market Size in New Zealand

In 2023, the New Zealand zinc oxide market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a mild expansion. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Zinc Oxide Exports

Exports from New Zealand

In 2023, exports of zinc oxide and zinc peroxide from New Zealand declined notably to X tons, falling by X% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, zinc oxide exports fell significantly to $X in 2023. In general, exports, however, posted a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell sharply in the following year.

Exports by Country

Australia (X tons) was the main destination for zinc oxide exports from New Zealand, accounting for a X% share of total exports. Moreover, zinc oxide exports to Australia exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for zinc oxide and zinc peroxide exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

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

Zinc Oxide Imports

Imports into New Zealand

In 2023, overseas purchases of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports dropped rapidly to $X in 2023. In general, imports, however, saw moderate growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell notably in the following year.

Imports by Country

Thailand (X tons), India (X tons) and Belgium (X tons) were the main suppliers of zinc oxide imports to New Zealand, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of zinc oxide and zinc peroxide to New Zealand, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The average zinc oxide import price stood at $X per ton in 2023, falling by X% against the previous year. In general, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zinc oxide import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform