New Zealand: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in New Zealand

The New Zealand pig iron articles market soared to $X in 2021, surging by 23% 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). Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.9% against 2018 indices. Pig iron articles consumption peaked in 2021 and is likely to see gradual growth in years to come.

Pig Iron Articles Exports

Exports from New Zealand

Pig iron articles exports from New Zealand skyrocketed to X tons in 2021, growing by 569% compared with the year before. In general, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for pig iron articles exports from New Zealand, with a 54% share of total exports. Moreover, pig iron articles exports to Australia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by French Polynesia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+44.3% per year) and French Polynesia (+9.9% per year).

In value terms, Australia ($X), Fiji ($X) and French Polynesia ($X) were the largest markets for pig iron articles exported from New Zealand worldwide, together accounting for 76% of total exports. Taiwan (Chinese) and American Samoa lagged somewhat behind, together accounting for a further 11%.

American Samoa, with a CAGR of +2,071.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2021, with a decrease of -12.4% against the previous year. In general, the export price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a 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 American Samoa ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 American Samoa (+245.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into New Zealand

In 2021, the amount of granules and powders of pig iron imported into New Zealand declined to X tons, flattening at 2020. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume 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, imports decreased by -8.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 40%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pig iron articles imports surged to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pig iron articles to New Zealand, accounting for a 75% share of total imports. Moreover, pig iron articles imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was held by Egypt (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+34.7% per year) and Egypt (+27.4% per year).

In value terms, China ($X) constituted the largest supplier of granules and powders of pig iron to New Zealand, comprising 70% of total imports. The second position in the ranking was held by Egypt ($X), with an 8.2% share of total imports. It was followed by France, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+23.8% per year) and France (+27.9% per year).

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, surging by 39% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform