New Zealand - Palmitic Acid, Stearic Acid, Their Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 15, 2024

New Zealand - Palmitic Acid, Stearic Acid, Their Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand - 2023

Contents:

  1. Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (CIF) - 2022
  2. Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (FOB) - 2022
  3. Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand
  4. Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand

Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (CIF) - 2022

The average import price for palmitic acid, stearic acid, their salts and esters stood at $3,002 per ton in 2022, surging by 37% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for palmitic acid, stearic acid, their salts and esters increased by +76.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($3,002 per ton) and Indonesia ($3,002 per ton), while the price for Singapore ($3,002 per ton) and Italy ($3,002 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (FOB) - 2022

The average export price for palmitic acid, stearic acid, their salts and esters stood at $2,902 per ton in 2022, picking up by 41% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2015 an increase of 64% against the previous year. The export price peaked at $6,561 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,902 per ton), while the average price for exports to Fiji amounted to $2,902 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand

In 2022, overseas purchases of palmitic acid, stearic acid, their salts and esters decreased by -48.4% to 1.1K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 8.8% against the previous year. As a result, imports reached the peak of 2.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters contracted markedly to $3.3M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of $4.6M, and then declined remarkably in the following year.

Import of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia4711,3891,7861,36442.5%
Malaysia671466727648-1.2%
China1,3851,2021,250592-24.7%
Indonesia352250372219-14.6%
Singapore142179139107-9.0%
Italy64.837.669.394.813.5%
India1.020.217466.2304.5%
United States14746.415.613.2-55.2%
Others98.911167.515415.9%
Total3,3343,7004,5993,258-0.8%

Top Suppliers of Palmitic Acid, Stearic Acid, Their Salts and Esters to New Zealand in 2022:

  1. Australia (454.5 tons)
  2. Malaysia (215.8 tons)
  3. China (197.2 tons)
  4. Indonesia (72.9 tons)
  5. Singapore (35.7 tons)
  6. Italy (31.6 tons)
  7. India (22.0 tons)
  8. United States (4.4 tons)

Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand

In 2022, exports of palmitic acid, stearic acid, their salts and esters from New Zealand reduced markedly to 8.5 tons, which is down by -20.2% on the year before. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 391%.

In value terms, exports of palmitic acid, stearic acid, their salts and esters expanded significantly to $25K in 2022. Overall, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 579% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Export of Palmitic Acid, Stearic Acid, Their Salts and Esters in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Fiji3.93.017.616.060.1%
Australia11.6N/A0.88.6-9.5%
South KoreaN/AN/A3.6N/A0%
United States7.1N/AN/AN/A0%
Others1.30.2N/AN/A-84.6%
Total23.93.221.924.61.0%

Top Export Markets for Palmitic Acid, Stearic Acid, Their Salts and Esters from New Zealand in 2022:

  1. Fiji (5.5 tons)
  2. Australia (3.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters 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 20143235 - Palmitic acid, stearic acid, their salts and esters

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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