New Zealand: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in New Zealand

The New Zealand tyre cord fabric market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Tyre Cord Fabric Production in New Zealand

In value terms, tyre cord fabric production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Tyre Cord Fabric Exports

Exports from New Zealand

After three years of decline, overseas shipments of tyre cord fabric of high tenacity yarn increased by X% to X kg in 2022. Overall, exports, however, showed a dramatic contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tyre cord fabric exports soared to $X in 2022. In general, exports, however, recorded a sharp shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Samoa (X kg) was the main destination for tyre cord fabric exports from New Zealand, with a X% share of total exports. Moreover, tyre cord fabric exports to Samoa exceeded the volume sent to the second major destination, Cook Islands (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Samoa totaled X%.

In value terms, Samoa ($X) and Cook Islands ($X) constituted the largest markets for tyre cord fabric exported from New Zealand worldwide.

Cook Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($X per ton), while the average price for exports to Samoa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (X%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into New Zealand

In 2022, purchases abroad of tyre cord fabric of high tenacity yarn decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tyre cord fabric imports fell markedly to $X in 2022. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main tyre cord fabric supplier to New Zealand, with a X% share of total imports. Moreover, tyre cord fabric imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average tyre cord fabric import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a mild slump. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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