New Zealand: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in New Zealand

In 2022, the New Zealand free-cutting steel wire rod market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Wire Rod Of Free-Cutting Steel in New Zealand

In value terms, free-cutting steel wire rod production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Wire Rod Of Free-Cutting Steel

Exports from New Zealand

In 2022, approx. X kg of wire rod of free-cutting steel were exported from New Zealand; dropping by X% against the previous year's figure. In general, exports showed a sharp setback. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, free-cutting steel wire rod exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Fiji (X kg) was the main destination for free-cutting steel wire rod exports from New Zealand, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Fiji amounted to X%.

In value terms, Fiji ($X) also remains the key foreign market for wire rod of free-cutting steel exports from New Zealand.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at X%.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

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

Imports of Wire Rod Of Free-Cutting Steel

Imports into New Zealand

In 2022, purchases abroad of wire rod of free-cutting steel decreased by X% to X kg, falling for the third consecutive year after two years of growth. Overall, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a significant decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X kg) and Australia (X kg) were the main suppliers of free-cutting steel wire rod imports to New Zealand.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%).

In value terms, the UK ($X) constituted the largest supplier of wire rod of free-cutting steel to New Zealand, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%.

Import Prices by Country

The average free-cutting steel wire rod import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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