New Zealand: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in New Zealand

The New Zealand hot-dipped metal-coated sheet market expanded remarkably to $X in 2022, rising by X% against the previous year. Overall, consumption saw a resilient increase. Hot-dipped metal-coated sheet consumption peaked in 2022 and is expected to retain growth in years to come.

Hot-Dipped Metal-Coated Sheet Production in New Zealand

In value terms, hot-dipped metal-coated sheet production amounted to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Hot-dipped metal-coated sheet production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from New Zealand

In 2022, overseas shipments of hot-dipped metal-coated sheet decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet exports declined to $X in 2022. In general, exports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Australia (X tons) and Pakistan (X tons) were the main destinations of hot-dipped metal-coated sheet exports from New Zealand, with a combined X% share of total exports.

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

In value terms, the largest markets for hot-dipped metal-coated sheet exported from New Zealand were Australia ($X), New Caledonia ($X) and Fiji ($X), together comprising X% of total exports. Singapore, Pakistan, French Polynesia and Papua New Guinea lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-dipped metal-coated sheet export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs 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 Australia ($X per ton), while the average price for exports to Singapore ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into New Zealand

In 2022, supplies from abroad of hot-dipped metal-coated sheet was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted prominent growth. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of hot-dipped metal-coated sheet to New Zealand, accounting for a X% share of total imports. Moreover, hot-dipped metal-coated sheet imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Australia (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of hot-dipped metal-coated sheet to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average hot-dipped metal-coated sheet import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a moderate 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-dipped metal-coated sheet import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and South Korea ($X per ton), while the price for Australia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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