Price for Chain; Articulated Link, Roller, of Iron or Steel in New Zealand - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in New Zealand (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in New Zealand (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in New Zealand
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in New Zealand

Price for Chain; Articulated Link, Roller, of Iron or Steel in New Zealand (CIF) - 2023

In November 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $7,220 per ton, shrinking by -15.1% against the previous month. Overall, the import price showed a perceptible descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 95% against the previous month. Over the period under review, average import prices reached the maximum at $13,510 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($19,954 per ton), while the price for Taiwan (Chinese) ($4,154 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for Chain; Articulated Link, Roller, of Iron or Steel in New Zealand (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $14,292 per ton, falling by -23.8% against the previous year. Over the period under review, the export price, however, showed a slight expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $20,579 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($38,470 per ton), while the average price for exports to Tonga ($1,845 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 Canada (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in New Zealand

In 2022, imports of chain; articulated link, roller, of iron or steel into New Zealand surged to 977 tons, with an increase of 32% on the previous year's figure. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% 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 +93.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of chain; articulated link, roller, of iron or steel reached $7.2M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to New Zealand in 2022:

1. China (645.6 tons)
2. Japan (160.4 tons)
3. Taiwan (Chinese) (35.3 tons)
4. South Korea (32.8 tons)
5. Australia (30.8 tons)
6. Germany (13.4 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in New Zealand

In 2022, the amount of chain; articulated link, roller, of iron or steel exported from New Zealand surged to 9.5 tons, increasing by 39% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, exports of chain; articulated link, roller, of iron or steel expanded notably to $136K in 2022. The total export value increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from New Zealand in 2022:

1. Australia (2305.0 kg)
2. New Caledonia (2082.0 kg)
3. Papua New Guinea (1609.0 kg)
4. Tonga (1010.0 kg)
5. Fiji (702.0 kg)
6. Chile (552.0 kg)
7. Samoa (485.0 kg)
8. Cook Islands (307.0 kg)
9. Kiribati (200.0 kg)

Source: IndexBox Market Intelligence Platform