New Zealand: Metal Chain Market 2024

Metal Chain Market Size in New Zealand

The New Zealand metal chain market dropped to $X in 2022, falling by -12.2% 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). Overall, consumption, however, recorded a perceptible expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Chain Exports

Exports from New Zealand

In 2022, the amount of iron or steel chain exported from New Zealand surged to X tons, with an increase of 102% compared with the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 111%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, metal chain exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for metal chain exports from New Zealand, accounting for a 82% share of total exports. Moreover, metal chain exports to Australia exceeded the volume sent to the second major destination, Samoa (X tons), more than tenfold. Fiji (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+10.4% per year) and Fiji (+46.4% per year).

In value terms, the largest markets for metal chain exported from New Zealand were Australia ($X), Fiji ($X) and Samoa ($X), with a combined 81% share of total exports.

Among the main countries of destination, Fiji, with a CAGR of +74.2%, recorded the highest rates of growth with regard to 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 metal chain export price stood at $X per ton in 2022, surging by 6.7% against the previous year. In general, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into New Zealand

Metal chain imports into New Zealand contracted to X tons in 2022, which is down by -10.6% on 2021 figures. Overall, imports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2016 when imports increased by 481%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports reduced to $X in 2022. In general, imports, however, saw measured growth. The pace of growth was the most pronounced in 2016 with an increase of 309%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to New Zealand, accounting for a 85% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold. The third position in this ranking was taken by Australia (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+34.6% per year) and Australia (-15.1% per year).

In value terms, the largest metal chain suppliers to New Zealand were China ($X), Australia ($X) and the United States ($X), with a combined 81% share of total imports. South Africa, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further 8.4%.

Among the main suppliers, India, with a CAGR of +124.6%, saw the highest rates of growth with regard to 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 2022, the average metal chain import price amounted to $X per ton, picking up by 3.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 33%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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