Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $195,000 per ton in 2022, growing by 6,384% against the previous year. In general, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue 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 -0.1% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $4,012 per ton, remaining constant against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 9.2%. Over the period under review, average import prices attained the peak figure at $21,554 per ton in 2013; however, from 2014 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 Singapore ($16,571 per ton), while the price for Australia amounted to $3,095 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+56.7%).
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -99.7% to 8 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports reached the peak of 9 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s dropped sharply to $1.6K in 2022. In general, exports faced a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 1.6 | 0% |
| Australia | 17.6 | 21.5 | 9.5 | N/A | -26.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.6 | 21.5 | 9.5 | 1.6 | -55.0% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from New Zealand in 2022:
- Thailand (8.0 kg)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand
In 2022, after two years of decline, there was significant decline in supplies from abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, when their volume decreased by -49.7% to 505 kg. Overall, imports saw a precipitous setback.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted remarkably to $2K in 2022. In general, imports continue to indicate a sharp downturn.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,460 | N/A | 4,005 | 1,427 | -0.8% |
| Singapore | N/A | N/A | N/A | 580 | 0% |
| India | 41.0 | N/A | 21.0 | 7.0 | -44.5% |
| China | 414 | N/A | 12.0 | 4.0 | -78.7% |
| United Kingdom | 1,211 | N/A | 4.0 | 3.0 | -86.5% |
| Thailand | 358 | N/A | 7.0 | 3.0 | -79.7% |
| Others | 495 | N/A | 2.0 | 2.0 | -84.1% |
| Total | 3,979 | N/A | 4,051 | 2,026 | -20.1% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to New Zealand in 2022:
- Australia (461.0 kg)
- Singapore (35.0 kg)
- India (4.0 kg)
- United Kingdom (1.0 kg)
- China (1.0 kg)
- Thailand (1.0 kg)
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