New Zealand: Iron Angle Market 2024

Iron Angle Market Size in New Zealand

In 2021, after two years of decline, there was significant growth in the New Zealand iron angle market, when its value increased by 93% to $X. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Iron angle consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Iron Angle Exports

Exports from New Zealand

Iron angle exports from New Zealand surged to X tons in 2021, picking up by 103% against 2020. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Fiji (X tons), Tonga (X tons) and French Polynesia (X tons) were the main destinations of iron angle exports from New Zealand, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for French Polynesia (with a CAGR of +41.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from New Zealand, comprising 57% of total exports. The second position in the ranking was taken by Tonga ($X), with a 19% share of total exports. It was followed by Samoa, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Fiji totaled +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+29.7% per year) and Samoa (+10.8% per year).

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, surging by 33% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron angle export price increased by +57.3% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by 115%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in supplies from abroad of angles, shapes and sections (of iron or non-alloy steel), when their volume increased by 61% to X tons. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2018 indices. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, iron angle imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Australia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of iron angle imports to New Zealand, together comprising 51% of total imports. These countries were followed by South Korea, China and Japan, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to New Zealand were Thailand ($X), Australia ($X) and Taiwan (Chinese) ($X), with a combined 52% share of total imports. These countries were followed by South Korea, China and Japan, which together accounted for a further 16%.

China, with a CAGR of +30.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, jumping by 26% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Australia ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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