Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand (CIF) - 2022

In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,489 per ton, therefore, remained relatively stable against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +54.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 55%. As a result, import price attained the peak level of $3,504 per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($47,439 per ton), while the price for Malaysia amounted to $3,383 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $30,800 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 296% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($96,000 per ton), while the average price for exports to Fiji amounted to $14,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand

In 2022, overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -23.3% to 137 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 196 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms fell sharply to $479K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports attained the peak of $627K, and then declined dramatically in the following year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to New Zealand in 2022:

1. Malaysia (136.1 tons)
2. China (0.1 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in New Zealand

In 2022, approx. 5 kg of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were exported from New Zealand; remaining stable against the year before. In general, exports saw a sharp slump. The smallest decline of -94.4% was in 2020.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms totaled $154 in 2022. Over the period under review, exports faced a sharp downturn. The smallest decline of -88.2% was in 2020.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from New Zealand in 2022:

1. Fiji (4.0 kg)
2. Australia (1.0 kg)

Source: IndexBox Market Intelligence Platform