Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (CIF) - 2023
In December 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,044 per ton, rising by 2.5% against the previous month. In general, import price indicated a mild expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for stainless steel bars and rods, angles, shapes and sectionses decreased by -3.7% against October 2023 indices. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 52% month-to-month. The import price peaked at $6,428 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($24,952 per ton), while the price for China ($3,374 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Oman (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,174 per ton, waning by -7.2% against the previous year. Overall, the export price, however, enjoyed a measured expansion. The growth pace was the most rapid in 2020 an increase of 85%. As a result, the export price attained the peak level of $5,356 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($10,025 per ton), while the average price for exports to Papua New Guinea ($2,222 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 Norfolk Island (+92.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia
For the fourth year in a row, Australia recorded growth in supplies from abroad of stainless steel bars and rods, angles, shapes and sectionses, which increased by 3.1% to 13K tons in 2022. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 3.5%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $64M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +54.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.8 | 13.9 | 18.7 | 28.2 | 26.9% |
| Taiwan (Chinese) | 6.5 | 6.9 | 9.0 | 11.8 | 22.0% |
| Italy | 9.1 | 8.5 | 9.1 | 7.2 | -7.5% |
| China | 2.4 | 2.3 | 3.5 | 4.8 | 26.0% |
| United States | 3.6 | 4.1 | 3.7 | 2.9 | -7.0% |
| Sweden | 1.7 | 1.0 | 1.2 | 2.6 | 15.2% |
| Indonesia | N/A | 0.2 | N/A | 1.9 | 208.2% |
| Japan | 1.2 | 0.7 | 1.2 | 0.4 | -30.7% |
| Others | 4.7 | 4.0 | 4.5 | 4.5 | -1.4% |
| Total | 42.9 | 41.5 | 50.7 | 64.2 | 14.4% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Australia in 2022:
- India (5.7K tons)
- Taiwan (Chinese) (2.7K tons)
- China (1.2K tons)
- Italy (1.1K tons)
- Indonesia (0.4K tons)
- United States (0.4K tons)
- Sweden (0.4K tons)
- Japan (0.1K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia
In 2022, after two years of decline, there was significant growth in shipments abroad of stainless steel bars and rods, angles, shapes and sectionses, when their volume increased by 180% to 842 tons. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $3.5M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 111 | 117 | 156 | 838 | 96.2% |
| South Korea | N/A | 9.0 | N/A | 569 | 695.1% |
| New Zealand | 545 | 574 | 460 | 442 | -6.7% |
| United States | 5.3 | 28.0 | 178 | 417 | 328.5% |
| Singapore | 226 | 147 | 9.8 | 355 | 16.2% |
| Tanzania | N/A | N/A | N/A | 321 | 0% |
| Canada | N/A | N/A | 178 | 134 | -24.7% |
| Indonesia | 429 | 14.2 | 0.7 | 5.1 | -77.2% |
| Fiji | 120 | 5.5 | 110 | 4.2 | -67.3% |
| Others | 177 | 794 | 263 | 431 | 34.5% |
| Total | 1,614 | 1,688 | 1,355 | 3,517 | 29.6% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Australia in 2022:
- Papua New Guinea (377.2 tons)
- South Korea (121.6 tons)
- New Zealand (88.9 tons)
- United States (77.5 tons)
- Tanzania (62.3 tons)
- Singapore (35.4 tons)
- Canada (24.1 tons)
- Indonesia (1.1 tons)
- Fiji (0.8 tons)
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