New Zealand: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in New Zealand

In 2021, the New Zealand silicon-electrical steel flat-rolled product market increased by 82% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from New Zealand

In 2021, the amount of flat-rolled products of silicon-electrical steel exported from New Zealand reduced remarkably to X tons, falling by -34.6% on the previous year's figure. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 63%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports dropped rapidly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from New Zealand, accounting for a 71% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to India exceeded the volume sent to the second major destination, Fiji (X tons), fourfold. The third position in this ranking was held by Tonga (X kg), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+50.7% per year) and Tonga (+15.8% per year).

In value terms, India ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from New Zealand, comprising 58% of total exports. The second position in the ranking was held by Tonga ($X), with an 18% share of total exports. It was followed by French Polynesia, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to India stood at -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+27.1% per year) and French Polynesia (+14.3% per year).

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, rising by 4.7% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon-electrical steel flat-rolled product export price decreased by -0.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Fiji ($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 Samoa (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into New Zealand

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Over the period under review, imports posted a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to New Zealand, accounting for a 28% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.2% per year) and Japan (-21.7% per year).

In value terms, Singapore ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to New Zealand, comprising 31% of total imports. The second position in the ranking was held by South Korea ($X), with a 6% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.9% per year) and Japan (-24.4% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, picking up by 23% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($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 (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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