Dent in metal and timber wholesaling

Timber and metal wholesaling fell in the September 2019 quarter, Stats NZ said today.

Seasonally adjusted, the basic materials industry sales value fell $182 million (2.8 percent), largely driven by falls in timber and metal. The basic materials industry also includes agricultural products, chemicals, and hardware.

Quarter Seasonally adjusted Actual
Sep-16 4991038000 5028472000
Dec-16 5034331000 5503411000
Mar-17 5268571000 4991618000
Jun-17 5413699000 5146375000
Sep-17 5591587000 5646508000
Dec-17 5977838000 6535570000
Mar-18 5884230000 5561831000
Jun-18 6048334000 5754562000
Sep-18 6262175000 6328241000
Dec-18 6270947000 6853994000
Mar-19 6340609000 5989659000
Jun-19 6391402000 6084380000
Sep-19 6209746000 6273721000

“The fall in timber wholesaling coincided with an oversupply of logs in China and a drop in the sale price of New Zealand logs in that market,” business statistics manager Geraldine Duoba said.

Overseas merchandise trade: September 2019 showed exports of logs, wood, and wood articles fell 14 percent in the September quarter.

Overall, seasonally adjusted wholesale trade sales rose 0.3 percent, the fourth consecutive quarter with sales increases of less than one percent.

In contrast to the fall in basic materials, four of the six wholesale industry groups saw sales increases in the September 2019 quarter. The largest rise was for other goods wholesaling (which includes pharmaceuticals, toiletries, and furniture), up $141 million (3.4 percent).

Industry $
Other goods wholesaling 141249000
Machinery and equipment wholesaling 113410000
Motor vehicle and motor-vehicle parts wholesaling 78790000
Commission-based wholesaling 39320000
“Grocery -107811000
liquor -181656000
and tobacco product wholesaling”
Basic material wholesaling

The actual value of total wholesale trade sales was $28 billion in the September 2019 quarter, up $460 million (1.7 percent) from the September 2018 quarter.

/Stats NZ Public Release. View in full here.