Price for Hot-Rolled Wire Rod in Coils in New Zealand - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in New Zealand (FOB) - 2022
- Price for Hot-Rolled Wire Rod in Coils in New Zealand (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in New Zealand
- Imports of Hot-Rolled Wire Rod in Coils in New Zealand
Price for Hot-Rolled Wire Rod in Coils in New Zealand (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $966 per ton in 2022, falling by -27.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 96% against the previous year. As a result, the export price reached the peak level of $1,336 per ton, and then contracted sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.1% per year.
Price for Hot-Rolled Wire Rod in Coils in New Zealand (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $1,090 per ton in 2022, with an increase of 42% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. Over the period under review, average import prices hit record highs at $1,224 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,176 per ton), while the price for Indonesia ($632 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Wire Rod in Coils in New Zealand
In 2022, shipments abroad of hot-rolled wire rods in coils was finally on the rise to reach 4.9K tons after two years of decline. Over the period under review, exports, however, showed a pronounced shrinkage.
In value terms, hot-rolled wire rod in coils exports skyrocketed to $4.7M in 2022. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.8 | 1.5 | N/A | 4.6 | 6.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 4.0 | 1.7 | 0.2 | 4.7 | 5.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from New Zealand in 2022:
- Australia (4.9K tons)
Imports of Hot-Rolled Wire Rod in Coils in New Zealand
In 2022, after two years of decline, there was significant growth in overseas purchases of hot-rolled wire rods in coils, when their volume increased by 376% to 3.5K tons. Over the period under review, imports, however, showed a abrupt slump.
In value terms, hot-rolled wire rod in coils imports soared to $3.8M in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,775 | 1,170 | 44.4 | 2,194 | 7.3% |
| China | 5.4 | 11.0 | 21.3 | 820 | 433.5% |
| Turkey | N/A | 175 | N/A | 390 | 49.3% |
| Indonesia | 1,113 | 364 | 109 | 331 | -33.3% |
| Taiwan (Chinese) | N/A | 106 | 175 | 31.4 | -45.6% |
| Vietnam | N/A | 147 | 175 | N/A | 19.0% |
| Malaysia | 311 | 161 | N/A | N/A | -48.2% |
| Others | 85.9 | 17.4 | 41.2 | 54.3 | -14.2% |
| Total | 3,290 | 2,151 | 566 | 3,820 | 5.1% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to New Zealand in 2022:
- Singapore (1822.8 tons)
- China (745.9 tons)
- Indonesia (524.4 tons)
- Turkey (351.1 tons)
- Taiwan (Chinese) (35.5 tons)
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