New Zealand: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in New Zealand

In 2021, the New Zealand metal stud-link chain market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Metal Stud-Link Chain Exports

Exports from New Zealand

In 2021, the amount of iron/steel stud-link chain exported from New Zealand contracted sharply to X tons, waning by -22.5% on the previous year. Over the period under review, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when exports increased by 575% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal stud-link chain exports shrank sharply to $X in 2021. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 273%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for metal stud-link chain exports from New Zealand, with a 49% share of total exports. Moreover, metal stud-link chain exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X kg), twofold. Australia (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.0% per year) and Australia (-11.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for iron/steel stud-link chain exports from New Zealand, comprising 45% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.3% per year) and Brazil (-4.6% per year).

Export Prices by Country

The average metal stud-link chain export price stood at $X per ton in 2021, falling by -6.3% against the previous year. Overall, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 164% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Samoa ($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 Solomon Islands (+64.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Stud-Link Chain Imports

Imports into New Zealand

In 2021, purchases abroad of iron/steel stud-link chain decreased by -25.4% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 102%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal stud-link chain imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.5% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 141% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal stud-link chain to New Zealand, accounting for a 78% share of total imports. Moreover, metal stud-link chain imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold. The third position in this ranking was taken by Portugal (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+33.8% per year) and Portugal (+15.0% per year).

In value terms, Portugal ($X), China ($X) and Singapore ($X) were the largest metal stud-link chain suppliers to New Zealand, with a combined 81% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +35.9%, 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

The average metal stud-link chain import price stood at $X per ton in 2021, increasing by 65% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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