New Zealand: Hot-Rolled Steel Products Market 2025

Hot-Rolled Steel Products Market Size in New Zealand

In 2021, the New Zealand hot-rolled steel products market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a slight decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in New Zealand

In value terms, hot-rolled steel products production totaled $X in 2021 estimated in export price. Overall, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Hot-rolled steel products production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hot-Rolled Steel Products Exports

Exports from New Zealand

In 2021, hot-rolled steel products exports from New Zealand fell markedly to X tons, waning by -23.5% against 2020 figures. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports skyrocketed to $X in 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Mexico (X tons) and Singapore (X tons) were the main destinations of hot-rolled steel products exports from New Zealand, with a combined 69% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +59.5%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), Mexico ($X) and Singapore ($X) appeared to be the largest markets for hot-rolled steel products exported from New Zealand worldwide, with a combined 75% share of total exports.

Mexico, with a CAGR of +62.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2021, picking up by 57% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Singapore ($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 Vietnam (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into New Zealand

In 2021, hot-rolled steel products imports into New Zealand stood at X tons, growing by 9.6% against the year before. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 114%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hot-rolled steel products imports surged to $X in 2021. In general, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest hot-rolled steel products supplier to New Zealand, accounting for a 41% share of total imports. Moreover, hot-rolled steel products imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-23.8% per year) and China (-3.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than hot-rolled) to New Zealand, comprising 44% of total imports. The second position in the ranking was held by Australia ($X), with a 16% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-24.7% per year) and China (+0.6% per year).

Import Prices by Country

In 2021, the average hot-rolled steel products import price amounted to $X per ton, picking up by 51% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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