New Zealand: Metal Washer Market 2024

Metal Washer Market Size in New Zealand

The New Zealand metal washer market surged to $X in 2021, rising by 56% 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, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Washer Exports

Exports from New Zealand

In 2021, approx. X tons of iron or steel washers were exported from New Zealand; increasing by 53% compared with 2020. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, metal washer exports soared to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Tonga (X tons) and Vanuatu (X tons) were the main destinations of metal washer exports from New Zealand, with a combined 61% share of total exports. These countries were followed by Cook Islands, Thailand, Maldives, the United States, Samoa, Fiji, American Samoa and Canada, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +33.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for iron or steel washers exports from New Zealand, comprising 31% of total exports. The second position in the ranking was held by Vanuatu ($X), with an 11% share of total exports. It was followed by Tonga, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+7.5% per year) and Tonga (+24.0% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, dropping by -6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Maldives ($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 Canada (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into New Zealand

In 2021, the amount of iron or steel washers imported into New Zealand soared to X tons, increasing by 53% against 2020 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal washer imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to New Zealand, with a 85% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-15.6% per year) and Taiwan (Chinese) (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel washers to New Zealand, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Australia, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.4% per year) and Australia (-10.1% per year).

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, growing by 2.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 an increase of 12%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 United States (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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