New Zealand: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in New Zealand

The New Zealand market for ribbed or other deformed wire rod of non-alloy steel was estimated at $X in 2022, leveling off at the previous year. In general, the total consumption indicated a pronounced increase 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, consumption decreased by X% against 2020 indices. Deformed non-alloy steel wire rod consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in New Zealand

In value terms, deformed non-alloy steel wire rod production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Deformed non-alloy steel wire rod production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from New Zealand

In 2022, shipments abroad of ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a deep setback. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for deformed non-alloy steel wire rod exports from New Zealand, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%.

In value terms, Australia ($X) also remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from New Zealand.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to X%.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid 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 gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into New Zealand

In 2022, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports recorded significant growth. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of deformed non-alloy steel wire rod to New Zealand, with a X% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Singapore exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. China (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 Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, recorded a measured expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

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