New Zealand: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2025

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in New Zealand

The New Zealand market for railway or tramway track construction material of iron or steel surged to $X in 2021, with an increase of 105% 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). In general, consumption posted a prominent expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from New Zealand

For the third consecutive year, New Zealand recorded growth in overseas shipments of railway or tramway track construction material of iron or steel, which increased by 41% to X tons in 2021. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 514%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of railway or tramway track construction material of iron or steel soared to $X in 2021. In general, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2016 when exports increased by 354% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +31.1%.

In value terms, Australia ($X) also remains the key foreign market for railway or tramway track construction material of iron or steel exports from New Zealand.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +4.8%.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, reducing by -15.1% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Fiji amounted to +15.8% per year.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into New Zealand

Imports of railway or tramway track construction material of iron or steel into New Zealand soared to X tons in 2021, surging by 69% on the previous year. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 259% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 150%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron and steel railway construction materials to New Zealand, with a 73% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+12.7% per year) and Italy (+69.5% per year).

In value terms, China ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to New Zealand, comprising 61% of total imports. The second position in the ranking was held by Australia ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+12.5% per year) and Italy (+95.5% per year).

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, rising by 30% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for railway or tramway track construction material of iron or steel increased by +83.7% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 55% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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