Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $397 per ton in September 2023, with an increase of 2.9% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $451 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($1,439 per ton), while the average price for exports to the United Arab Emirates ($327 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $237 per ton in 2022, dropping by -22.6% against the previous year. Over the period under review, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2020 an increase of 34% against the previous year. The import price peaked at $319 per ton in 2012; however, from 2013 to 2022, 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 Fiji ($315 per ton), while the price for Cook Islands ($104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tonga (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from New Zealand fell to 531K tons, shrinking by -6.7% on 2021. Over the period under review, exports saw a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 2.3%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined slightly to $246M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. As a result, the exports reached the peak of $257M, and then reduced slightly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 21.7 | 41.0 | 72.1 | 83.3 | 56.6% |
| Australia | 74.1 | 29.1 | 49.2 | 33.3 | -23.4% |
| South Korea | 13.2 | 6.4 | 25.9 | 29.5 | 30.7% |
| Singapore | 8.0 | 13.5 | 15.7 | 19.8 | 35.3% |
| United Arab Emirates | 0.1 | N/A | N/A | 15.0 | 431.3% |
| India | 15.1 | 14.0 | 13.9 | 15.0 | -0.2% |
| Indonesia | 7.6 | 4.1 | 14.1 | 14.7 | 24.6% |
| Vietnam | 10.8 | 8.7 | 28.4 | 12.3 | 4.4% |
| Hong Kong SAR | 5.5 | 5.7 | 10.6 | 8.7 | 16.5% |
| United Kingdom | 14.0 | 1.9 | 0.5 | N/A | -81.1% |
| Saudi Arabia | N/A | 7.5 | 7.9 | N/A | 5.3% |
| Others | 7.2 | 28.8 | 18.3 | 14.4 | 26.0% |
| Total | 177 | 161 | 257 | 246 | 11.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from New Zealand in 2022:
- Bangladesh (195.2K tons)
- Australia (85.7K tons)
- South Korea (62.4K tons)
- United Arab Emirates (41.3K tons)
- Singapore (38.5K tons)
- Indonesia (34.7K tons)
- Vietnam (29.1K tons)
- India (12.8K tons)
- Hong Kong SAR (6.4K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels increased by 23% to 4.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced modestly to $1M in 2022. Overall, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports attained the peak of $1.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 306 | 368 | 371 | 577 | 23.5% |
| Fiji | 87.2 | 132 | 263 | 220 | 36.1% |
| Cook Islands | 70.1 | 14.2 | 15.6 | 13.6 | -42.1% |
| American Samoa | 287 | 197 | N/A | 13.1 | -64.3% |
| Chile | N/A | 201 | N/A | N/A | 0% |
| New Caledonia | 238 | 27.2 | 12.5 | N/A | -77.1% |
| Mexico | 141 | 120 | N/A | N/A | -14.9% |
| Others | 434 | 766 | 392 | 183 | -25.0% |
| Total | 1,563 | 1,825 | 1,055 | 1,007 | -13.6% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to New Zealand in 2022:
- French Polynesia (3289.0 tons)
- Fiji (697.0 tons)
- Cook Islands (131.0 tons)
- American Samoa (42.0 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in New Zealand.
696
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
264
This report provides an in-depth analysis of the market for metal remelting scrap ingots in New Zealand.
696
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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