New Zealand: Wire And Cable Market 2024

Wire And Cable Market Size in New Zealand

For the eleventh year in a row, the New Zealand wire and cable market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Wire And Cable Production in New Zealand

In value terms, wire and cable production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports from New Zealand

In 2022, after nine years of decline, there was significant growth in shipments abroad of insulated wire and cable, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a sharp reduction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wire and cable exports fell to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Fiji (X tons) and Samoa (X tons) were the main destinations of wire and cable exports from New Zealand, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) remains the key foreign market for insulated wire and cable exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and the United States (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cook Islands ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into New Zealand

In 2022, imports of insulated wire and cable into New Zealand shrank to X tons, with a decrease of X% against the year before. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, wire and cable imports declined to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wire and cable to New Zealand, accounting for a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to New Zealand, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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