New Zealand: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in New Zealand

The New Zealand steel plaited band market soared to $X in 2022, surging by 19% against the previous year. In general, consumption, however, continues to indicate a slight reduction. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in New Zealand

In value terms, steel plaited band production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 139%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports from New Zealand

For the fifth consecutive year, New Zealand recorded growth in overseas shipments of iron or steel plaited bands and slings, which increased by 34% to X tons in 2022. In general, exports, however, continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2019 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel plaited band exports surged to $X in 2022. Over the period under review, exports posted notable growth. The pace of growth was the most pronounced in 2014 when exports increased by 113%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for steel plaited band exports from New Zealand, with a 49% share of total exports. Moreover, steel plaited band exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +87.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.7% per year) and Uruguay (+71.1% per year).

In value terms, Australia ($X), the United States ($X) and Uruguay ($X) appeared to be the largest markets for steel plaited band exported from New Zealand worldwide, together comprising 65% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +87.3%, 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 2022, the average steel plaited band export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a moderate expansion. The growth pace was the most rapid in 2014 when the average export price increased by 113% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($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 Chile (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into New Zealand

In 2022, the amount of iron or steel plaited bands and slings imported into New Zealand soared to X tons, growing by 35% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 167%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, steel plaited band imports surged to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 191% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel plaited band to New Zealand, accounting for a 75% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+31.7% per year) and the United States (+6.7% per year).

In value terms, China ($X), Thailand ($X) and the United States ($X) were the largest steel plaited band suppliers to New Zealand, together comprising 69% of total imports.

Thailand, with a CAGR of +24.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 steel plaited band import price amounted to $X per ton, reducing by -9.1% against the previous year. In general, the import price, however, showed a perceptible expansion. The growth pace was the most rapid in 2020 when the average import price increased by 148%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (+27.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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