New Zealand: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in New Zealand

In 2022, the New Zealand non-alloy steel u-section market increased by 6.3% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.0% against 2020 indices. Non-alloy steel u-section consumption peaked in 2022 and is likely to continue growth in the near future.

Non-Alloy Steel U-Section Exports

Exports from New Zealand

In 2022, exports of u-sections of non-alloy steel from New Zealand fell dramatically to X kg, with a decrease of -88.3% against the year before. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 90% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports declined notably to $X in 2022. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2017 with an increase of 94% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Caledonia (X kg) was the main destination for non-alloy steel u-section exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Caledonia stood at -1.9%.

In value terms, New Caledonia ($X) emerged as the key foreign market for u-sections of non-alloy steel exports from New Zealand.

From 2012 to 2022, the average annual growth rate of value to New Caledonia stood at -2.8%.

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, surging by 46% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the rate of growth in terms of prices for Fiji amounted to +0.3% per year.

Non-Alloy Steel U-Section Imports

Imports into New Zealand

In 2022, imports of u-sections of non-alloy steel into New Zealand declined to X tons, reducing by -12.6% compared with the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 28%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, non-alloy steel u-section imports rose remarkably to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Australia (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-alloy steel u-section imports to New Zealand, with a combined 84% share of total imports. China and South Korea lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +72.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest non-alloy steel u-section suppliers to New Zealand, with a combined 85% share of total imports. China and South Korea lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, China, with a CAGR of +67.0%, recorded the highest growth rate of 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 non-alloy steel u-section import price stood at $X per ton in 2022, increasing by 28% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +69.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Australia ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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