Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand - 2023

Contents:

1. Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand (CIF) - 2022
2. Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand (FOB) - 2022
3. Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand
4. Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand

Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand (CIF) - 2022

In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $21,800 per ton, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $23,504 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($110,543 per ton), while the price for India ($4,044 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand (FOB) - 2022

In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $68,232 per ton, growing by 18% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($234,333 per ton), while the average price for exports to Thailand ($15,256 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 China (+113.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand

For the fourth consecutive year, New Zealand recorded growth in overseas purchases of iron or steel; non-threaded cotters and cotter-pinses, which increased by 5.9% to 77 tons in 2022. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.9%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $1.7M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +68.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to New Zealand in 2022:

1. China (36.7 tons)
2. India (6.7 tons)
3. Taiwan (Chinese) (6.0 tons)
4. United States (5.0 tons)
5. Netherlands (4.8 tons)
6. Australia (4.1 tons)
7. Italy (2.0 tons)
8. Germany (1.8 tons)
9. Singapore (1.2 tons)
10. Japan (1.2 tons)
11. Thailand (0.4 tons)
12. South Korea (0.2 tons)

Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in New Zealand

In 2022, overseas shipments of iron or steel; non-threaded cotters and cotter-pinses decreased by -0.6% to 779 kg, falling for the second consecutive year after two years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 230%. As a result, the exports reached the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $53K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 105%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from New Zealand in 2022:

1. Australia (356.0 kg)
2. Thailand (117.0 kg)
3. Malaysia (64.0 kg)
4. United States (41.0 kg)
5. Chile (38.0 kg)
6. Lao People's Democratic Republic (29.0 kg)
7. China (27.0 kg)
8. Fiji (25.0 kg)
9. Papua New Guinea (13.0 kg)

Source: IndexBox Market Intelligence Platform