Report Update: Apr 1, 2024

New Zealand - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights

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Metal Wool Price in New Zealand - 2023

Metal Wool Price in New Zealand (CIF) - 2022

The average metal wool import price stood at $7,736 per ton in 2022, with an increase of 4.5% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +15.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 74%. As a result, import price reached the peak level of $9,598 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Australia ($12,115 per ton), while the price for Fiji ($2,952 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Wool Price in New Zealand (FOB) - 2022

The average metal wool export price stood at $5,502 per ton in 2022, waning by -14.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 106%. As a result, the export price attained the peak level of $11,938 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($35,000 per ton), while the average price for exports to French Polynesia ($3,503 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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports in New Zealand

In 2022, after three years of growth, there was decline in purchases abroad of iron or steel wool, when their volume decreased by -0.2% to 96 tons. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 4.6%. As a result, imports attained the peak of 96 tons, leveling off in the following year.

In value terms, metal wool imports rose to $740K in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Metal Wool in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	418	454	508	561	10.3%
United Kingdom	54.8	67.7	59.2	51.9	-1.8%
United States	12.8	12.8	6.3	32.7	36.7%
South Korea	13.6	12.4	14.3	20.4	14.5%
Australia	24.0	38.6	30.1	13.4	-17.7%
Malaysia	4.0	N/A	5.0	13.4	49.6%
Fiji	5.5	16.0	13.3	6.3	4.6%
Others	55.4	56.2	74.0	41.0	-9.5%
Total	588	658	710	740	8.0%

Top Suppliers of Metal Wool to New Zealand in 2022:

China (82.4 tons)
United States (2.8 tons)
South Korea (2.6 tons)
Fiji (2.1 tons)
Malaysia (1.5 tons)
United Kingdom (1.4 tons)
Australia (1.1 tons)

Metal Wool Exports in New Zealand

Metal wool exports from New Zealand skyrocketed to 4.4 tons in 2022, surging by 20% on the previous year's figure. In general, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of 5.5 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal wool exports reached $24K in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $32K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Metal Wool in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cook Islands	15.3	20.2	17.0	16.5	2.5%
Tonga	0.1	N/A	N/A	3.9	239.1%
Fiji	0.7	0.8	0.9	1.4	26.0%
French Polynesia	0.6	0.4	0.4	1.1	22.4%
Niue	0.3	0.2	0.3	0.4	10.1%
Vanuatu	5.1	0.2	0.3	N/A	-75.7%
Others	2.2	9.9	4.7	0.8	-28.6%
Total	24.3	31.8	23.5	24.2	-0.1%

Top Export Markets for Metal Wool from New Zealand in 2022:

Cook Islands (3076.0 kg)
Tonga (767.0 kg)
French Polynesia (300.0 kg)
Fiji (137.0 kg)
Niue (78.0 kg)
Vanuatu (2.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal wool market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023