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Metal and Mineral Wholesaling in New Zealand Industry Data and Analysis
The Metal and Mineral Wholesaling industry has faced turbulent trading conditions over the past five years. With steel being a major industry product, domestic metal and mineral wholesalers capitalised on surging prices by passing on increased costs to customers, resulting in significant revenue growth up to 2022-23. However, weakening economic conditions, higher interest rates and a slump in residential construction over the two years through 2024-25 reduced steel demand. In 2025-26, steel prices in New Zealand have fallen, continuing to correct from earlier increases caused by interrupted Chinese supply and high domestic building demand between 2020-21 and 2022-23. Global steel supply has surpassed weak demand as construction activity has remained subdued and Chinese property markets show no signs of major recovery. With steel prices normalising, wholesalers have experienced a notable drop in revenue, which is set to dip 2.6% in 2025-26. Overall, revenue is expected to have sunk at an annualised 2.9% over the five years through 2025-26 to $2.58 billion.
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What's included in this industry analysis
IBISWorld's research coverage on the Metal and Mineral Wholesaling industry in New Zealand includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Metal and Mineral Wholesaling industry in New Zealand operates under the ANZSIC industry code F3322NZ. 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, like 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. Related terms covered in the Metal and Mineral Wholesaling industry in New Zealand include ore, ferrous and non-ferrous metal.
What's included in this industry?
Products and services covered in Metal and Mineral Wholesaling industry in New Zealand include Basic metal products, Recycled metals and Other metal and mineral products.
What companies are included in this industry?
Companies covered in the Metal and Mineral Wholesaling industry in New Zealand include Fletcher Building, Vulcan Steel and Steel & Tube.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Metal and Mineral Wholesaling industry in New Zealand.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Metal and Mineral Wholesaling industry in New Zealand.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Metal and Mineral Wholesaling industry in New Zealand.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Metal and Mineral Wholesaling industry in New Zealand. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Metal and Mineral Wholesaling industry in New Zealand. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Metal and Mineral Wholesaling industry in New Zealand. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Metal and Mineral Wholesaling industry in New Zealand. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Metal and Mineral Wholesaling industry in New Zealand.
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Frequently Asked Questions
What is the market size of the Metal and Mineral Wholesaling industry in New Zealand in 2026?
The market size of the Metal and Mineral Wholesaling industry in New Zealand is $2.6bn in 2026.
How many businesses are there in the Metal and Mineral Wholesaling industry in New Zealand in 2026?
There are 222 businesses in the Metal and Mineral Wholesaling industry in New Zealand, which has declined at a CAGR of 3.0 % between 2021 and 2026.
How may import tariffs affect the Metal and Mineral Wholesaling industry in New Zealand?
The Metal and Mineral Wholesaling industry in New Zealand is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Metal and Mineral Wholesaling industry in New Zealand?
The Metal and Mineral Wholesaling industry in New Zealand is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Metal and Mineral Wholesaling industry in New Zealand grown or declined over the past 5 years?
The market size of the Metal and Mineral Wholesaling industry in New Zealand has been declining at a CAGR of 2.9 % between 2021 and 2026.
What is the forecast growth of the Metal and Mineral Wholesaling industry in New Zealand over the next 5 years?
Over the next five years, the Metal and Mineral Wholesaling industry in New Zealand is expected to grow.
What are the biggest companies in the Metal and Mineral Wholesaling industry in New Zealand?
The biggest companies operating in the Metal and Mineral Wholesaling industry in New Zealand are Fletcher Building, Vulcan Steel and Steel & Tube
What does the Metal and Mineral Wholesaling industry in New Zealand include?
Aluminium and aluminium alloy wholesaling and Copper and copper alloy wholesaling are part of the Metal and Mineral Wholesaling industry in New Zealand.
Which companies have the highest market share in the Metal and Mineral Wholesaling industry in New Zealand?
The company holding the most market share in the Metal and Mineral Wholesaling industry in New Zealand is Fletcher Building.
How competitive is the Metal and Mineral Wholesaling industry in New Zealand?
The level of competition is moderate and increasing in the Metal and Mineral Wholesaling industry in New Zealand.
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