New Zealand: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in New Zealand

The New Zealand steel plaited band market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a mild descent. Steel plaited band consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Steel Plaited Band Production in New Zealand

In value terms, steel plaited band production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports from New Zealand

In 2022, after four years of growth, there was significant decline in shipments abroad of iron or steel plaited bands and slings, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports reduced to $X in 2022. In general, exports showed a slight downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X tons), the United States (X tons) and Australia (X tons) were the main destinations of steel plaited band exports from New Zealand, together comprising X% of total exports. Fiji, the Netherlands, Niue, Papua New Guinea, the UK, France and Samoa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niue (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Australia ($X) and Niue ($X) were the largest markets for steel plaited band exported from New Zealand worldwide, together accounting for X% of total exports.

Niue, with a CAGR of X.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niue (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into New Zealand

For the sixth year in a row, New Zealand recorded growth in purchases abroad of iron or steel plaited bands and slings, which increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports soared to $X in 2022. In general, total imports indicated a measured expansion 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest steel plaited band supplier to New Zealand, accounting for a X% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the United States (X% per year).

In value terms, China ($X), Thailand ($X) and the United States ($X) appeared to be the largest steel plaited band suppliers to New Zealand, with a combined X% share of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, 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 steel plaited band import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

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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