Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in New Zealand - 2023

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in New Zealand (CIF) - 2022
2. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in New Zealand

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in New Zealand (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,027 per ton, approximately mirroring the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses increased by +69.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 72%. As a result, import price reached the peak level of $1,042 per ton, and then declined modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($1,333 per ton), while the price for South Africa amounted to $925 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in New Zealand

In 2022, overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -28.5% to 80 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined remarkably to $82K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 129% against the previous year. As a result, imports reached the peak of $117K, and then fell dramatically in the following year.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to New Zealand in 2022:

1. South Africa (60.0 tons)
2. Australia (20.0 tons)

Source: IndexBox Market Intelligence Platform