Price for Iron and Non-Alloy Steel in Ingot in New Zealand - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in New Zealand (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in New Zealand (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in New Zealand
- Exports of Iron and Non-Alloy Steel in Ingot in New Zealand
Price for Iron and Non-Alloy Steel in Ingot in New Zealand (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $713 per ton, dropping by -54.4% against the previous year. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 121%. As a result, import price attained the peak level of $5,322 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($4,661 per ton), while the price for the UK ($1,278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in New Zealand (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $7,884 per ton in 2022, stabilizing at the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 138%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -2.0% per year.
Imports of Iron and Non-Alloy Steel in Ingot in New Zealand
In 2022, the amount of iron and non-alloy steel in ingots imported into New Zealand expanded significantly to 228 tons, with an increase of 6.7% against the previous year's figure. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 415% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots dropped significantly to $163K in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 537%. As a result, imports attained the peak of $335K, and then fell remarkably in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 11.2 | 327 | 152 | 8.5% |
| United Kingdom | 9.1 | 36.7 | 1.0 | 2.4 | -35.9% |
| Others | 4.3 | 4.7 | 6.7 | 7.8 | 22.0% |
| Total | 133 | 52.6 | 335 | 163 | 7.0% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to New Zealand in 2022:
- China (103.3 tons)
- United Kingdom (1.9 tons)
Exports of Iron and Non-Alloy Steel in Ingot in New Zealand
In 2022, overseas shipments of iron and non-alloy steel in ingots decreased by -44.5% to 1.8 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of 9.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron and non-alloy steel in ingots dropped notably to $14K in 2022. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. As a result, the exports reached the peak of $30K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron and Non-Alloy Steel in Ingot in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 1.6 | 0% |
| Papua New Guinea | 1.4 | N/A | N/A | N/A | 0% |
| Australia | 16.2 | 16.8 | 5.9 | N/A | -39.7% |
| Others | 0.1 | 13.2 | 19.9 | 12.7 | 402.7% |
| Total | 17.8 | 30.0 | 25.7 | 14.3 | -7.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from New Zealand in 2022:
- Thailand (8.0 kg)
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