New Zealand: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in New Zealand

In 2022, the New Zealand hot-rolled steel products market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in New Zealand

In value terms, hot-rolled steel products production reduced to $X in 2022 estimated in export price. Overall, production saw a noticeable decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Hot-rolled steel products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hot-Rolled Steel Products Exports

Exports from New Zealand

In 2022, hot-rolled steel products exports from New Zealand fell markedly to X tons, reducing by X% on the year before. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports plummeted to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of hot-rolled steel products exports from New Zealand, with a combined X% share of total exports.

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

In value terms, the largest markets for hot-rolled steel products exported from New Zealand were the United States ($X), Australia ($X) and Mexico ($X), together accounting for X% of total exports.

Among the main countries of destination, Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a pronounced increase 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, hot-rolled steel products export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into New Zealand

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into New Zealand; which is down by X% against 2021. In general, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, hot-rolled steel products imports rose to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of hot-rolled steel products imports to New Zealand, with a combined X% share of total imports. China, Indonesia, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and Japan ($X) were the largest hot-rolled steel products suppliers to New Zealand, together accounting for X% of total imports. China, Indonesia, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded 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 2022, the average hot-rolled steel products import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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