Key Market Indicators
New Zealand's aromatics export market is projected to reach approximately $60,000 by 2028, up from around $46,000 in 2023. This growth signifies an annual compound growth rate of 4.3%. Since 1999, the country's supply has seen a steady increase of 3.2% year on year. In 2023, New Zealand ranked 22nd in the global aromatics export market. Canada surpassed New Zealand at the same value of $46,000. Leading the rankings were China, India, and Japan, occupying the second, third, and fourth positions respectively. On the import side, New Zealand's aromatics imports stood at about $18,000 in 2017 and saw a slight decline to roughly $17,000 in 2018, marking a 4% decrease year over year. Since 1994, the country's demand for imported aromatics has seen a significant drop of 37.9% annually.
