New Zealand: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in New Zealand

The New Zealand market for sanitary ware and parts of iron or steel skyrocketed to $X in 2021, with an increase of 38% against the previous year. Overall, consumption continues to indicate a prominent increase. Iron or steel sanitary ware consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Sanitary Ware And Parts Of Iron Or Steel in New Zealand

In value terms, iron or steel sanitary ware production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 476%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from New Zealand

After two years of decline, overseas shipments of sanitary ware and parts of iron or steel increased by 45% to X tons in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 48%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron or steel sanitary ware exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for iron or steel sanitary ware exports from New Zealand, with a 46% share of total exports. Moreover, iron or steel sanitary ware exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X tons), twofold. The third position in this ranking was taken by Tonga (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+20.2% per year) and Tonga (+21.6% per year).

In value terms, Australia ($X), China ($X) and the United States ($X) constituted the largest markets for iron or steel sanitary ware exported from New Zealand worldwide, together accounting for 80% of total exports.

Among the main countries of destination, the United States, with a CAGR of +47.5%, 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

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, increasing by 24% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel sanitary ware export price increased by +60.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Tonga ($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 Papua New Guinea (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into New Zealand

In 2021, iron or steel sanitary ware imports into New Zealand soared to X tons, increasing by 33% compared with 2020 figures. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, iron or steel sanitary ware imports surged to $X in 2021. Overall, imports recorded buoyant growth. 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 iron or steel sanitary ware supplier to New Zealand, accounting for a 84% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.5% per year) and Italy (+16.2% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to New Zealand, comprising 69% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Australia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.3% per year) and Australia (-2.4% per year).

Import Prices by Country

In 2021, the average import price for sanitary ware and parts of iron or steel amounted to $X per ton, surging by 28% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel sanitary ware import price increased by +35.3% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Taiwan (Chinese) ($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 (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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