New Zealand: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in New Zealand

The New Zealand metal coated electrode market contracted markedly to $X in 2021, shrinking by -X% against the previous year. Overall, consumption saw a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with a decrease of -X%. Metal coated electrode consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Coated Electrode Production in New Zealand

In value terms, metal coated electrode production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. Metal coated electrode production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Coated Electrode Exports

Exports from New Zealand

In 2021, shipments abroad of base metal coated electrodes for electric arc-welding was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal coated electrode exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for metal coated electrode exports from New Zealand, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +X%.

In value terms, Australia ($X) also remains the key foreign market for metal coated electrode exports from New Zealand.

From 2012 to 2021, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

In 2021, the average metal coated electrode export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -X% per year.

Metal Coated Electrode Imports

Imports into New Zealand

In 2021, purchases abroad of base metal coated electrodes for electric arc-welding increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, metal coated electrode imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of metal coated electrode to New Zealand, with a X% share of total imports. Moreover, metal coated electrode imports from Indonesia exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Turkey (+X% per year).

In value terms, the largest metal coated electrode suppliers to New Zealand were Indonesia ($X), Sweden ($X) and the United States ($X), with a combined X% share of total imports. These countries were followed by South Africa, Turkey, China, Thailand, India and South Korea, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal coated electrode import price amounted to $X per ton, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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