New Zealand: Metal Link Chain Market 2024

Metal Link Chain Market Size in New Zealand

The New Zealand metal link chain market soared to $X in 2021, picking up 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, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from New Zealand

In 2021, shipments abroad of iron or steel articulated link chain increased by 32% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 69%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. Over the period under review, exports continue to indicate a slight increase. The growth pace was the most rapid in 2017 when exports increased by 93%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for metal link chain exports from New Zealand, with a 57% share of total exports. Moreover, metal link chain exports to Fiji exceeded the volume sent to the second major destination, Australia (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-2.6% per year) and the United States (-3.3% per year).

In value terms, Fiji ($X) remains the key foreign market for iron or steel articulated link chain exports from New Zealand, comprising 46% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.9% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Fiji totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.3% per year) and the United States (-20.0% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, jumping by 43% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average export price increased by 90%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Cook Islands ($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 (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into New Zealand

In 2021, the amount of iron or steel articulated link chain imported into New Zealand skyrocketed to X tons, picking up by 28% compared with 2020 figures. Overall, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2015 with an increase of 37%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of metal link chain imports to New Zealand, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +22.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), China ($X) and Germany ($X) constituted the largest metal link chain suppliers to New Zealand, together comprising 61% of total imports.

Among the main suppliers, Germany, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, with a decrease of -4.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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