New Zealand: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in New Zealand

The New Zealand concrete reinforcing bar market contracted to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded strong growth. Concrete reinforcing bar consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Concrete Reinforcing Bar Production in New Zealand

In value terms, concrete reinforcing bar production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from New Zealand

In 2022, approx. X tons of concrete reinforcing bars were exported from New Zealand; which is down by X% on the previous year. Overall, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports shrank significantly to $X in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Cook Islands (X tons) and Vanuatu (X tons) were the main destinations of concrete reinforcing bar exports from New Zealand, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vanuatu (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Australia ($X) emerged as the key foreign market for concrete reinforcing bars exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Cook Islands ($X), with an X% share of total exports. It was followed by Norfolk Island, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Norfolk Island (X% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level 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 Fiji ($X per ton), while the average price for exports to Cook Islands ($X 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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into New Zealand

In 2022, overseas purchases of concrete reinforcing bars increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a slight decrease. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, concrete reinforcing bar imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Australia (X tons) were the main suppliers of concrete reinforcing bar imports to New Zealand, with a combined X% share of total imports. Turkey, the UK and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing bar suppliers to New Zealand were Taiwan (Chinese) ($X), China ($X) and Australia ($X), with a combined X% share of total imports. Turkey, the United States and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, falling by X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted slightly 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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