New Zealand: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in New Zealand

In 2021, the New Zealand market for copper bars, wire and plates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from New Zealand

In 2021, the amount of copper bars, wire and plates exported from New Zealand soared to X tons, with an increase of 50% compared with 2020. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for copper bars, wire and plates exports from New Zealand, accounting for a 45% share of total exports. Moreover, copper bars, wire and plates exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.8% per year) and China (+10.4% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for copper bars, wire and plates exports from New Zealand, comprising 38% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.6% per year) and China (+3.9% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Canada ($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 South Korea (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into New Zealand

In 2021, the amount of copper bars, wire and plates imported into New Zealand rose remarkably to X tons, with an increase of 13% on 2020. Overall, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Australia (X tons) were the main suppliers of copper bars, wire and plates imports to New Zealand, with a combined 70% share of total imports. These countries were followed by the United Arab Emirates, Malaysia, Bulgaria, Thailand, Italy and Indonesia, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +77.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to New Zealand were South Korea ($X), China ($X) and Australia ($X), together comprising 68% of total imports. These countries were followed by Malaysia, the United Arab Emirates, Bulgaria, Thailand, Italy and Indonesia, which together accounted for a further 27%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +129.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, jumping by 40% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +31.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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