New Zealand: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in New Zealand

After two years of decline, the New Zealand non-alloy steel i-sections market increased by 74% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Non-Alloy Steel I-Sections Exports

Exports from New Zealand

In 2021, after three years of decline, there was significant growth in shipments abroad of i-sections of non-alloy steel, when their volume increased by 607% to X tons. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 2,109% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-alloy steel i-sections exports soared to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,940% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Fiji (X tons), Tonga (X tons) and Samoa (X tons) were the main destinations of non-alloy steel i-sections exports from New Zealand, together accounting for 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for Tonga (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Tonga ($X) and Samoa ($X) were the largest markets for non-alloy steel i-sections exported from New Zealand worldwide, together comprising 96% of total exports.

Among the main countries of destination, Tonga, with a CAGR of +40.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-alloy steel i-sections export price amounted to $X per ton, increasing by 27% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy steel i-sections export price increased by +101.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 40%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Vanuatu ($X per ton), while the average price for exports to Fiji ($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 Vanuatu (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into New Zealand

In 2021, overseas purchases of i-sections of non-alloy steel were finally on the rise to reach X tons after two years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 126% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 122%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest non-alloy steel i-sections supplier to New Zealand, accounting for a 58% share of total imports. Moreover, non-alloy steel i-sections imports from Thailand exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.1% per year) and South Korea (+11.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of i-sections of non-alloy steel to New Zealand, comprising 58% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.8% per year) and South Korea (+11.9% per year).

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, with an increase of 36% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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