New Zealand: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in New Zealand

The New Zealand aluminium alloy tube market soared to $X in 2022, increasing by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw tangible growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Aluminium Alloy Tube Exports

Exports from New Zealand

In 2022, overseas shipments of aluminium alloy tubes and pipes increased by 108% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 197%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium alloy tube exports soared to $X in 2022. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for aluminium alloy tube exports from New Zealand, accounting for a 75% share of total exports. Moreover, aluminium alloy tube exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), fivefold. French Polynesia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+1.5% per year) and French Polynesia (-6.8% per year).

In value terms, the largest markets for aluminium alloy tube exported from New Zealand were Fiji ($X), Australia ($X) and French Polynesia ($X), together comprising 85% of total exports.

Fiji, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 27%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Australia ($X 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 the UK (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into New Zealand

In 2022, purchases abroad of aluminium alloy tubes and pipes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 71%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy tube imports skyrocketed to $X in 2022. Over the period under review, imports recorded a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of 74%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium alloy tube to New Zealand, with a 55% share of total imports. Moreover, aluminium alloy tube imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Australia (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.1% per year) and Australia (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy tubes and pipes to New Zealand, comprising 52% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.2% per year) and Italy (+28.7% per year).

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, shrinking by -13.7% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy tube import price increased by +44.0% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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