Aluminium Wire Price in New Zealand - 2023

Contents:

1. Aluminium Wire Price in New Zealand (CIF) - 2023
2. Aluminium Wire Price in New Zealand (FOB) - 2022
3. Aluminium Wire Imports in New Zealand
4. Aluminium Wire Exports in New Zealand

Aluminium Wire Price in New Zealand (CIF) - 2023

The average aluminium wire import price stood at $3,145 per ton in September 2023, surging by 4.1% against the previous month. Overall, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in December 2022 an increase of 95% against the previous month. As a result, import price reached the peak level of $6,447 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($11,557 per ton), while the price for Malaysia ($2,652 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced a decline.

Aluminium Wire Price in New Zealand (FOB) - 2022

The average aluminium wire export price stood at $10,596 per ton in 2022, jumping by 38% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 an increase of 144%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vanuatu ($13,414 per ton), while the average price for exports to Cook Islands ($6,263 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 the Netherlands (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Imports in New Zealand

In 2022, aluminium wire imports into New Zealand skyrocketed to 1.3K tons, increasing by 78% on 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium wire imports soared to $5.1M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Wire to New Zealand in 2022:

1. Malaysia (651.7 tons)
2. Bahrain (313.4 tons)
3. Russia (96.1 tons)
4. Italy (75.7 tons)
5. China (73.2 tons)
6. United States (32.6 tons)

Aluminium Wire Exports in New Zealand

In 2022, overseas shipments of aluminium wires decreased by -85% to 2.2 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium wire exports dropped dramatically to $24K in 2022. Overall, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $114K, and then declined markedly in the following year.

Top Export Markets for Aluminium Wire from New Zealand in 2022:

1. French Polynesia (1420.0 kg)
2. Samoa (316.0 kg)
3. Cook Islands (275.0 kg)
4. New Caledonia (140.0 kg)
5. Vanuatu (53.0 kg)

Source: IndexBox Market Intelligence Platform