Synthetic Resin and Synthetic Rubber Manufacturing in New Zealand - Market Research Report

Rubbed Out: Declining Exports and Competing Imports Have Reduced Industry Demand and Revenue

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Synthetic Resin and Synthetic Rubber Manufacturing industry has performed poorly over the past five years, influenced by lower production volumes and weaker demand for the industry's products, as well as supply chain disruptions associated with the COVID-19 pandemic. Declines in output and revenue have mostly been due to falling exports and mixed demand growth from the manufacturing sector. The industry has also been constrained by high import penetration and a reduction in export volumes. However, the depreciation of the New Zealand dollar over the period has partially offset export declines making them more competitive in international markets. Industry companies mainly process recycled synthetic resins and synthetic rubber. Industry manufacturing includes mixing and blending resins and polymeric materials. Products are sold to firms in downstream industries, such as packaging and chemicals manufacturing.