New Zealand: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in New Zealand

In 2022, the New Zealand non-alloy steel u-section market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a strong 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 increased by X% against 2020 indices. Non-alloy steel u-section consumption peaked in 2022 and is expected to retain growth in the near future.

Non-Alloy Steel U-Section Exports

Exports from New Zealand

Non-alloy steel u-section exports from New Zealand skyrocketed to X tons in 2022, picking up by X% compared with 2021 figures. Over the period under review, exports, however, showed a deep contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel u-section exports surged to $X in 2022. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for non-alloy steel u-section exports from New Zealand, with a X% share of total exports. Moreover, non-alloy steel u-section exports to Fiji exceeded the volume sent to the second major destination, Samoa (X tons), threefold. Tonga (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Fiji totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (X% per year) and Tonga (X% per year).

In value terms, Fiji ($X), Samoa ($X) and Tonga ($X) appeared to be the largest markets for non-alloy steel u-section exported from New Zealand worldwide, with a combined X% share of total exports.

Fiji, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per ton), while the average price for exports to Fiji ($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 Tonga (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Non-Alloy Steel U-Section Imports

Imports into New Zealand

Non-alloy steel u-section imports into New Zealand reduced to X tons in 2022, shrinking by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period 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 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, non-alloy steel u-section imports rose sharply to $X in 2022. Over the period under review, total imports indicated buoyant growth 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Australia (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-alloy steel u-section imports to New Zealand, with a combined X% share of total imports. China and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, Australia ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest non-alloy steel u-section suppliers to New Zealand, together accounting for X% of total imports. China and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 non-alloy steel u-section import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated pronounced growth 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, non-alloy steel u-section import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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