Price for Safety Pins and Other Pins; of Iron or Steel in New Zealand - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in New Zealand (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in New Zealand (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in New Zealand
4. Exports of Safety Pins and Other Pins; of Iron or Steel in New Zealand

Price for Safety Pins and Other Pins; of Iron or Steel in New Zealand (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $7,789 per ton, dropping by -25.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 63% against the previous year. As a result, import price attained the peak level of $13,700 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($21,241 per ton), while the price for China ($4,148 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Safety Pins and Other Pins; of Iron or Steel in New Zealand (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $19,977 per ton, with an increase of 38% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 249% against the previous year. As a result, the export price reached the peak level of $32,481 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($98,078 per ton), while the average price for exports to Tonga ($6,758 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 (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in New Zealand

In 2022, the amount of safety pins and other pins; of iron or steels imported into New Zealand skyrocketed to 93 tons, jumping by 57% on 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $724K in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to New Zealand in 2022:

1. China (68.2 tons)
2. Taiwan (Chinese) (7.1 tons)
3. United States (6.9 tons)
4. India (4.7 tons)
5. Australia (2.0 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in New Zealand

In 2022, the amount of safety pins and other pins; of iron or steels exported from New Zealand fell sharply to 4.1 tons, with a decrease of -23.1% against 2021. Overall, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 192%. As a result, the exports reached the peak of 5.3 tons, and then reduced rapidly in the following year.

In value terms, exports of safety pins and other pins; of iron or steels expanded markedly to $81K in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 140% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from New Zealand in 2022:

1. Australia (1798.0 kg)
2. Fiji (895.0 kg)
3. United Kingdom (445.0 kg)
4. Singapore (418.0 kg)
5. United States (180.0 kg)
6. Tonga (132.0 kg)
7. Samoa (48.0 kg)

Source: IndexBox Market Intelligence Platform