Price for Chain and Parts Thereof, of Iron or Steel in Australia - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Australia (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Australia (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Australia
- Exports of Chain and Parts Thereof, of Iron or Steel in Australia
Price for Chain and Parts Thereof, of Iron or Steel in Australia (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $5,778 per ton in 2022, rising by 11% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain and parts thereof, of iron or steel increased by +21.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 87%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($54,415 per ton), while the price for China ($3,195 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Australia (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $8,844 per ton in 2022, rising by 484% against the previous year. Overall, the export price showed a moderate increase. Over the period under review, the average export prices reached the peak figure at $10,208 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,804 per ton), while the average price for exports to Singapore ($4,658 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 the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Australia
In 2022, approx. 20K tons of chain and parts thereof, of iron or steel were imported into Australia; surging by 3.2% on 2021. Overall, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year.
In value terms, imports of chain and parts thereof, of iron or steel rose remarkably to $114M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.6 | 24.4 | 36.2 | 40.8 | 10.1% |
| United States | 22.5 | 21.4 | 17.7 | 24.2 | 2.5% |
| Germany | 16.2 | 13.2 | 13.2 | 13.2 | -6.6% |
| Japan | 14.8 | 10.2 | 14.0 | 12.3 | -6.0% |
| Taiwan (Chinese) | 2.5 | 2.9 | 3.3 | 4.2 | 18.9% |
| Austria | 1.6 | 2.8 | 1.9 | 3.4 | 28.6% |
| Poland | 0.5 | 1.8 | 1.1 | 2.7 | 75.4% |
| Sweden | 1.6 | 2.6 | 1.5 | 1.4 | -4.4% |
| Others | 12.8 | 8.2 | 11.2 | 12.2 | -1.6% |
| Total | 103 | 87.7 | 100 | 114 | 3.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Australia in 2022:
- China (12.8K tons)
- Japan (1.4K tons)
- United States (1.4K tons)
- Germany (1.3K tons)
- Austria (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Poland (0.4K tons)
- Sweden (0.3K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Australia
In 2022, the amount of chain and parts thereof, of iron or steel exported from Australia shrank notably to 1.1K tons, declining by -45.6% compared with 2021. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.
In value terms, exports of chain and parts thereof, of iron or steel dropped remarkably to $7.9M in 2022. In general, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
| Export of Chain and Parts Thereof, of Iron or Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3,458 | 3,527 | 4,397 | 3,184 | -2.7% |
| Papua New Guinea | 2,037 | 2,083 | 1,368 | 994 | -21.3% |
| Indonesia | 260 | 325 | 433 | 822 | 46.8% |
| China | 417 | 338 | 791 | 398 | -1.5% |
| Saudi Arabia | 2.5 | 67.2 | 66.0 | 281 | 382.6% |
| United States | 909 | 449 | 173 | 234 | -36.4% |
| Ghana | 166 | 178 | 147 | 229 | 11.3% |
| Fiji | 95.7 | 323 | 46.2 | 198 | 27.4% |
| Singapore | 777 | 202 | 2,636 | 140 | -43.5% |
| South Africa | 922 | 279 | 32.9 | 107 | -51.2% |
| United Kingdom | 934 | 5.9 | 953 | 53.2 | -61.5% |
| Others | 7,066 | 2,368 | 1,692 | 1,291 | -43.3% |
| Total | 17,044 | 10,147 | 12,733 | 7,930 | -22.5% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Australia in 2022:
- New Zealand (533.7 tons)
- Indonesia (146.7 tons)
- Papua New Guinea (96.6 tons)
- China (67.0 tons)
- Fiji (32.7 tons)
- Singapore (30.0 tons)
- Saudi Arabia (29.2 tons)
- Ghana (19.7 tons)
- United States (13.9 tons)
- South Africa (5.8 tons)
- United Kingdom (5.4 tons)
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