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New Zealand - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNew Zealand: Market for Glass Fibres And Glass Wool 2024
Market Size for Glass Fibres And Glass Wool in New Zealand
In 2022, after two years of decline, there was significant growth in the New Zealand glass fibres and wool market, when its value increased by 8.5% to $X. Overall, consumption posted mild growth. Glass fibres and wool consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.
Production of Glass Fibres And Glass Wool in New Zealand
In value terms, glass fibres and wool production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 114%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.
Exports of Glass Fibres And Glass Wool
Exports from New Zealand
In 2022, the amount of glass fibres and glass wool exported from New Zealand expanded modestly to X tons, surging by 4.2% on the previous year. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 145% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, glass fibres and wool exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 140%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
Exports by Country
China (X tons) was the main destination for glass fibres and wool exports from New Zealand, accounting for a 55% share of total exports. Moreover, glass fibres and wool exports to China exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was taken by Cayman Islands (X tons), with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+19.0% per year) and Cayman Islands (-44.0% per year).
In value terms, China ($X) remains the key foreign market for glass fibres and glass wool exports from New Zealand, comprising 55% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports. It was followed by Cayman Islands, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+26.2% per year) and Cayman Islands (-18.2% per year).
Export Prices by Country
In 2022, the average glass fibres and wool export price amounted to $X per ton, increasing by 46% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and Cayman Islands ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres And Glass Wool
Imports into New Zealand
In 2022, overseas purchases of glass fibres and glass wool increased by 122% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glass fibres and wool imports soared to $X in 2022. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in years to come.
Imports by Country
In 2022, China (X tons) constituted the largest supplier of glass fibres and wool to New Zealand, accounting for a 39% share of total imports. Moreover, glass fibres and wool imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+63.3% per year) and Taiwan (Chinese) (+37.5% per year).
In value terms, China ($X) constituted the largest supplier of glass fibres and glass wool to New Zealand, comprising 34% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Indonesia, with a 12% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+60.5% per year) and Indonesia (+76.3% per year).
Import Prices by Country
In 2022, the average glass fibres and wool import price amounted to $X per ton, waning by -28.8% against the previous year. Overall, the import price, however, saw a resilient expansion. The growth pace was the most rapid in 2019 an increase of 73% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for glass fibres and wool 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.
Product coverage:
- Prodcom 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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