New Zealand: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in New Zealand

In 2021, the New Zealand iron or steel can market increased by 42% to $X, rising for the second year in a row after three years of decline. In general, consumption enjoyed resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Exports of Iron or Steel Cans

Exports from New Zealand

In 2021, overseas shipments of iron or steel cans decreased by -6.4% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 590% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, iron or steel can exports declined to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 1,492%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Fiji (X units), Australia (X units) and Samoa (X units) were the main destinations of iron or steel can exports from New Zealand, with a combined 98% 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 Fiji (with a CAGR of +66.9%), while the other leaders experienced mixed trend patterns.

In value terms, Fiji ($X), Australia ($X) and Samoa ($X) constituted the largest markets for iron or steel can exported from New Zealand worldwide, together accounting for 97% of total exports.

In terms of the main countries of destination, Fiji, with a CAGR of +62.7%, recorded 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

The average iron or steel can export price stood at $X per unit in 2021, reducing by -7.8% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The growth pace was the most rapid in 2019 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Samoa ($X per unit), while the average price for exports to Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Cans

Imports into New Zealand

In 2021, overseas purchases of iron or steel cans increased by 19% to X units, rising for the third consecutive year after two years of decline. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 60%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, iron or steel can imports skyrocketed to $X in 2021. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 73%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Thailand (X units) and South Korea (X units) were the main suppliers of iron or steel can imports to New Zealand, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can suppliers to New Zealand were China ($X), Thailand ($X) and South Korea ($X), with a combined 89% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +45.1%, saw 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

In 2021, the average iron or steel can import price amounted to $X per unit, surging by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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