Price for Iron or Steel; Cast Articles in New Zealand - 2023
Contents:
- Price for Iron or Steel; Cast Articles in New Zealand (CIF) - 2022
- Price for Iron or Steel; Cast Articles in New Zealand (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in New Zealand
- Exports of Iron or Steel; Cast Articles in New Zealand
Price for Iron or Steel; Cast Articles in New Zealand (CIF) - 2022
The average import price for iron or steel; cast articleses stood at $2,109 per ton in 2022, shrinking by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The import price peaked at $2,161 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($7,974 per ton), while the price for India ($1,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in New Zealand (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $9,001 per ton in 2022, which is down by -28.1% against the previous year. Overall, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 330%. As a result, the export price reached the peak level of $16,313 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($105,000 per ton), while the average price for exports to Samoa ($3,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in New Zealand
In 2022, the amount of iron or steel; cast articleses imported into New Zealand dropped modestly to 8.7K tons, shrinking by -3.5% on the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. As a result, imports reached the peak of 9K tons, and then contracted in the following year.
In value terms, iron or steel; cast articles imports reduced to $18M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 68%. As a result, imports reached the peak of $19M, and then reduced in the following year.
| Import of Iron or Steel; Cast Articles in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 3.8 | 9.3 | 9.5 | 54.0% |
| India | 3.4 | 2.7 | 4.1 | 4.1 | 6.4% |
| France | 3.0 | 3.2 | 3.7 | 2.5 | -5.9% |
| United Kingdom | 0.2 | 0.2 | 0.6 | 0.6 | 44.2% |
| Thailand | 0.9 | 0.3 | 0.6 | 0.4 | -23.7% |
| Others | 1.4 | 1.3 | 1.2 | 1.2 | -5.0% |
| Total | 11.4 | 11.6 | 19.4 | 18.3 | 17.1% |
Top Suppliers of Iron or Steel; Cast Articles to New Zealand in 2022:
- China (4.0K tons)
- India (3.1K tons)
- France (1.0K tons)
- United Kingdom (0.2K tons)
- Thailand (0.2K tons)
Exports of Iron or Steel; Cast Articles in New Zealand
In 2022, approx. 237 tons of iron or steel; cast articleses were exported from New Zealand; surging by 63% on the year before. Over the period under review, exports, however, continue to indicate a abrupt decline.
In value terms, iron or steel; cast articles exports skyrocketed to $2.1M in 2022. Overall, exports, however, continue to indicate a abrupt setback.
| Export of Iron or Steel; Cast Articles in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,166 | 1,442 | 1,020 | 1,735 | -7.1% |
| Samoa | 33.1 | 175 | 17.9 | 38.4 | 5.1% |
| Cook Islands | 13.2 | 0.6 | 3.9 | 29.3 | 30.4% |
| Tonga | 5.7 | 5.2 | 5.4 | 20.8 | 54.0% |
| Others | 495 | 587 | 770 | 311 | -14.4% |
| Total | 2,713 | 2,209 | 1,817 | 2,134 | -7.7% |
Top Export Markets for Iron or Steel; Cast Articles from New Zealand in 2022:
- Australia (204.4 tons)
- Samoa (10.0 tons)
- Cook Islands (6.1 tons)
- Tonga (4.6 tons)
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