Metal and Mineral Wholesaling in New Zealand - Industry Market Research Report

Iron out: Revenue will likely rise after a lacklustre performance through the COVID-19 pandemic

Over the five years through 2021-22, industry revenue is expected to fall at an annualised 1.1% to $2.2 billion, including a decline of 6.9% in 2021-22. This industry performance has been weaker due to subdued downstream demand and reduced metal and mineral volumes despite some significant pricing increases. In particular, demand for industry products from metal product manufacturers has decreased, while supply chain disruptions related to the COVID-19 pandemic have constrained volumes and contributed to higher prices. Although global steel, copper, nickel, and aluminium prices have risen, reduced demand and lower volumes negatively affected the industry. Firms in the industry wholesale a range of metal and mineral products. Key metal items include pig iron, ingot steel and semi-fabricated products of iron or steel, such as sheets, strips, bars, rods, sections, structural steel or tubes. Coal, coke, copper, aluminium and other ferrous and non-ferrous metal ore and alloy wholesaling is included in the industry. Industry firms may also wholesale metal and precious metal waste or scrap. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.