New Zealand: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in New Zealand

The New Zealand ferro-cerium and pyrophoric alloys market soared to $X in 2021, with an increase of 22% 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). The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from New Zealand

In 2021, exports of ferro-cerium and pyrophoric alloys from New Zealand shrank notably to X kg, dropping by -93.1% on the previous year. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2016 when exports increased by 560% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports dropped remarkably to $X in 2021. In general, exports saw a dramatic setback. The pace of growth was the most pronounced in 2016 when exports increased by 356% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cook Islands (X kg), Australia (X kg) and Samoa (X kg) were the main destinations of ferro-cerium and pyrophoric alloys exports from New Zealand, together accounting for 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Samoa (with a CAGR of +61.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Cook Islands ($X), Australia ($X) and Samoa ($X) constituted the largest markets for ferro-cerium and pyrophoric alloys exported from New Zealand worldwide, together accounting for 89% of total exports.

In terms of the main countries of destination, Samoa, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, growing by 7.9% against the previous year. Overall, the export price, however, recorded a mild contraction. The growth pace was the most rapid in 2013 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Fiji ($X per ton), while the average price for exports to Niue ($X per ton) and Samoa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niue (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into New Zealand

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to New Zealand, accounting for a 57% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and Australia (-2.2% per year).

In value terms, the UK ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to New Zealand, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Australia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.7% per year) and Australia (-5.0% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, with an increase of 3.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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