New Zealand: Copper Screw Market 2024

Copper Screw Market Size in New Zealand

The New Zealand copper screw market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Copper Screw Exports

Exports from New Zealand

In 2021, the amount of copper screws, bolts and nuts exported from New Zealand skyrocketed to X tons, with an increase of 148% against the previous year's figure. In general, exports saw a moderate increase. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, copper screw exports surged to $X in 2021. Overall, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when exports increased by 188%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Australia (X tons) and China (X kg) were the main destinations of copper screw exports from New Zealand, together accounting for 88% of total exports. Samoa, French Polynesia, the UK and Cook Islands lagged somewhat behind, together accounting for a further 6.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +62.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from New Zealand, comprising 51% of total exports. The second position in the ranking was taken by Australia ($X), with a 24% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+6.4% per year) and China (+28.5% per year).

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, which is down by -32.8% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 60%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to Cook Islands ($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 Malaysia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into New Zealand

After two years of decline, overseas purchases of copper screws, bolts and nuts increased by 110% to X tons in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, copper screw imports surged to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value 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. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Australia (X tons) were the main suppliers of copper screw imports to New Zealand, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +4.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to New Zealand, comprising 51% of total imports. The second position in the ranking was taken by Australia ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+2.4% per year) and Taiwan (Chinese) (-5.4% per year).

Import Prices by Country

In 2021, the average copper screw import price amounted to $X per ton, which is down by -19.7% against the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2020 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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