New Zealand: Metal Wool Market 2022

Metal Wool Market Size in New Zealand

The New Zealand metal wool market soared to $X in 2021, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a mild slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Wool Exports

Exports from New Zealand

In 2021, approx. X tons of iron or steel wool were exported from New Zealand; waning by -X% against the previous year. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal wool exports declined remarkably to $X in 2021. Overall, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cook Islands (X tons) was the main destination for metal wool exports from New Zealand, with a X% share of total exports. It was followed by Fiji (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cook Islands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-X% per year) and Australia (+X% per year).

In value terms, Cook Islands ($X) remains the key foreign market for metal wool exports from New Zealand, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cook Islands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Fiji (-X% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Cook Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into New Zealand

In 2021, the amount of iron or steel wool imported into New Zealand surged to X tons, jumping by X% against the year before. In general, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal wool imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal wool supplier to New Zealand, with a X% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Fiji (X tons), more than tenfold. The third position in this ranking was occupied by Australia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+X% per year) and Australia (-X% per year).

In value terms, China ($X) constituted the largest supplier of metal wool to New Zealand, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with an X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Australia (-X% per year).

Import Prices by Country

In 2021, the average metal wool import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for Fiji ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform