New Zealand: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in New Zealand

The New Zealand metal tubular rivet market surged to $X in 2021, picking up by 31% 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.8% against 2017 indices. Metal tubular rivet consumption peaked in 2021 and is likely to continue growth in the near future.

Metal Tubular Rivet Exports

Exports from New Zealand

After two years of decline, shipments abroad of base metal tubular or bifurcated rivets increased by 29,100% to X kg in 2021. Overall, exports saw a significant expansion. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal tubular rivet exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cook Islands (X kg) was the main destination for metal tubular rivet exports from New Zealand, with a 70% share of total exports. Moreover, metal tubular rivet exports to Cook Islands exceeded the volume sent to the second major destination, the United States (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Cook Islands amounted to +93.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.3% per year) and Australia (-27.5% per year).

In value terms, Cook Islands ($X) emerged as the key foreign market for base metal tubular or bifurcated rivets exports from New Zealand, comprising 70% of total exports. The second position in the ranking was taken by the United States ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cook Islands stood at +94.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.9% per year) and Australia (-27.3% per year).

Export Prices by Country

The average metal tubular rivet export price stood at $X per ton in 2021, reducing by -23.3% against the previous year. In general, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Cook Islands ($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 the United States (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into New Zealand

In 2021, approx. X tons of base metal tubular or bifurcated rivets were imported into New Zealand; rising by 22% against the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 increased by +26.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal tubular rivet imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 44%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest metal tubular rivet supplier to New Zealand, accounting for a 42% share of total imports. Moreover, metal tubular rivet imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Israel (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.9% per year) and Israel (+7.6% per year).

In value terms, China ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to New Zealand, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.8% per year) and Israel (+8.5% per year).

Import Prices by Country

The average metal tubular rivet import price stood at $X per ton in 2021, increasing by 9.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Japan ($X per ton), while the price for South Korea ($X per ton) and Taiwan (Chinese) ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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