Waxes; Artificial, Prepared Price in New Zealand - 2023

Contents:

1. Waxes; Artificial, Prepared Price in New Zealand (CIF) - 2023
2. Waxes; Artificial, Prepared Price in New Zealand (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in New Zealand
4. Waxes; Artificial, Prepared Exports in New Zealand

Waxes; Artificial, Prepared Price in New Zealand (CIF) - 2023

The average waxes; artificial, prepared import price stood at $6,410 per ton in August 2023, reducing by -8.8% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 25% m-o-m. As a result, import price reached the peak level of $8,049 per ton. From June 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($65,165 per ton), while the price for China ($3,756 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in New Zealand (FOB) - 2022

The average waxes; artificial, prepared export price stood at $3,438 per ton in 2022, falling by -29.7% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,812 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($6,086 per ton), while the average price for exports to New Caledonia ($1,628 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.3%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in New Zealand

In 2022, after three years of growth, there was significant decline in purchases abroad of waxes; artificial, prepared, when their volume decreased by -7.6% to 909 tons. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of 984 tons, and then dropped in the following year.

In value terms, waxes; artificial, prepared imports contracted to $5.4M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $6M, and then contracted in the following year.

Top Suppliers of Waxes; Artificial, Prepared to New Zealand in 2022:

1. Germany (217.1 tons)
2. Australia (164.0 tons)
3. Denmark (106.0 tons)
4. China (102.0 tons)
5. United States (83.9 tons)
6. Singapore (73.5 tons)
7. India (51.8 tons)
8. Malaysia (20.3 tons)
9. Italy (20.1 tons)
10. Spain (14.5 tons)

Waxes; Artificial, Prepared Exports in New Zealand

After three years of growth, overseas shipments of waxes; artificial, prepared decreased by -51.4% to 156 tons in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 133%. As a result, the exports attained the peak of 322 tons, and then reduced rapidly in the following year.

In value terms, waxes; artificial, prepared exports dropped markedly to $537K in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 76%.

Top Export Markets for Waxes; Artificial, Prepared from New Zealand in 2022:

1. Fiji (77.0 tons)
2. New Caledonia (64.7 tons)
3. Australia (9.8 tons)

Source: IndexBox Market Intelligence Platform