Report Update: Apr 17, 2024

New Zealand - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Round Stainless Steel in New Zealand - 2023

Price for Hot-Rolled Round Stainless Steel in New Zealand (CIF) - 2023

In September 2023, the average hot-rolled round stainless steel import price amounted to $6,421 per ton, reducing by -33.9% against the previous month. Over the period under review, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in January 2023 an increase of 72% month-to-month. The import price peaked at $9,805 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($14,346 per ton), while the price for Taiwan (Chinese) ($4,673 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 the UK (+1.4%), while the prices for the other major suppliers experienced a decline.

Price for Hot-Rolled Round Stainless Steel in New Zealand (FOB) - 2022

In 2022, the average hot-rolled round stainless steel export price amounted to $4,897 per ton, jumping by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 391% against the previous year. Over the period under review, the average export prices hit record highs at $7,984 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($7,058 per ton), while the average price for exports to Papua New Guinea ($1,704 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 Maldives (+277.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Stainless Steel in New Zealand

In 2022, approx. 593 tons of hot-rolled round bars of stainless steel were imported into New Zealand; which is down by -12.9% on the previous year. In general, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% 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 +48.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports reached the peak of 681 tons, and then shrank in the following year.

In value terms, hot-rolled round stainless steel imports soared to $4M in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Hot-Rolled Round Stainless Steel in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	481	580	623	1,309	39.6%
Taiwan (Chinese)	643	456	993	1,035	17.2%
Sweden	650	379	956	883	10.8%
China	41.2	70.2	80.7	240	79.9%
Australia	91.5	103	218	190	27.6%
India	226	61.9	164	45.5	-41.4%
Others	408	183	260	259	-14.1%
Total	2,541	1,833	3,294	3,963	16.0%

Top Suppliers of Hot-Rolled Round Stainless Steel to New Zealand in 2022:

Taiwan (Chinese) (180.9 tons)
China (131.1 tons)
Sweden (122.1 tons)
United Kingdom (120.5 tons)
India (22.1 tons)
Australia (12.9 tons)

Exports of Hot-Rolled Round Stainless Steel in New Zealand

In 2022, approx. 4.5 tons of hot-rolled round bars of stainless steel were exported from New Zealand; waning by -65.8% against the previous year. Over the period under review, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year.

In value terms, hot-rolled round stainless steel exports declined sharply to $22K in 2022. In general, exports recorded a sharp slump. The smallest decline of -32.8% was in 2021.

Export of Hot-Rolled Round Stainless Steel in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tonga	27.0	N/A	N/A	7.1	-35.9%
Norfolk Island	2.1	5.5	12.4	5.8	40.3%
Fiji	29.9	9.9	6.3	1.9	-60.1%
Cook Islands	0.3	5.8	18.8	N/A	691.6%
Samoa	45.5	3.6	1.1	N/A	-84.5%
Maldives	8.3	0.3	N/A	N/A	-96.4%
Others	6.3	43.8	7.6	7.0	3.6%
Total	119	68.8	46.2	21.8	-43.2%

Top Export Markets for Hot-Rolled Round Stainless Steel from New Zealand in 2022:

Norfolk Island (3.3 tons)
Tonga (2.7 tons)
Fiji (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled round stainless steel 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 24106410 - Hot-rolled round bars, of stainless steel

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