Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (CIF) - 2023
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $5,875 per ton in December 2023, surging by 16% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 23% against the previous month. The import price peaked at $6,737 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($11,513 per ton), while the price for Taiwan (Chinese) ($4,156 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 India (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,686 per ton, picking up by 62% against the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 74%. The export price peaked at $8,358 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($6,042 per ton), while the average price for exports to Tonga ($1,639 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 Cook Islands (+11.6%), 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 New Zealand
In 2022, purchases abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -29% to 3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 4.2K tons, and then fell remarkably in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses expanded rapidly to $18M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +61.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.4 | 2.0 | 4.7 | 3.9 | 17.6% |
| India | 1.4 | 1.1 | 2.9 | 3.2 | 31.7% |
| Italy | 2.6 | 1.6 | 3.3 | 3.0 | 4.9% |
| United Kingdom | 0.8 | 0.7 | 0.7 | 1.4 | 20.5% |
| Australia | 0.5 | 1.1 | 0.9 | 1.1 | 30.1% |
| China | 0.3 | 2.4 | 1.3 | 1.1 | 54.2% |
| Sweden | 0.7 | 0.4 | 1.0 | 1.0 | 12.6% |
| Malaysia | 0.2 | 0.1 | 0.4 | 0.6 | 44.2% |
| Japan | 0.8 | 0.6 | 0.5 | 0.6 | -9.1% |
| Others | 1.2 | 1.1 | 0.9 | 1.8 | 14.5% |
| Total | 10.9 | 11.1 | 16.7 | 17.7 | 17.5% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to New Zealand in 2022:
- Taiwan (Chinese) (715.7 tons)
- India (557.5 tons)
- Italy (518.5 tons)
- China (373.0 tons)
- Malaysia (154.7 tons)
- Australia (148.3 tons)
- United Kingdom (131.3 tons)
- Sweden (126.3 tons)
- Japan (89.7 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from New Zealand shrank to 66 tons, declining by -7% compared with the year before. Over the period under review, exports continue to indicate a sharp downturn.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $376K in 2022. Overall, exports saw a sharp slump.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 189 | 86.1 | 33.0 | 152 | -7.0% |
| Australia | 291 | 50.6 | 34.9 | 77.2 | -35.7% |
| Cook Islands | 87.0 | 50.2 | 23.0 | 27.1 | -32.2% |
| Vanuatu | 51.4 | 55.1 | 83.6 | 19.5 | -27.6% |
| Tonga | 31.9 | 0.5 | 0.2 | 11.6 | -28.6% |
| Norfolk Island | 10.9 | 16.6 | 24.6 | 5.8 | -19.0% |
| Papua New Guinea | 17.5 | N/A | 0.4 | 5.7 | -31.2% |
| American Samoa | 100 | 3.2 | N/A | 5.4 | -62.2% |
| New Caledonia | 51.4 | 18.8 | 2.4 | 1.8 | -67.3% |
| Samoa | 79.1 | 13.5 | 13.8 | 1.0 | -76.7% |
| Kiribati | 27.0 | N/A | N/A | N/A | 0% |
| Chile | 32.4 | N/A | N/A | N/A | 0% |
| Others | 112 | 207 | 33.6 | 68.3 | -15.2% |
| Total | 1,081 | 501 | 249 | 376 | -29.7% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from New Zealand in 2022:
- Fiji (25.2 tons)
- Australia (14.1 tons)
- Cook Islands (7.5 tons)
- Tonga (7.1 tons)
- Vanuatu (3.9 tons)
- Norfolk Island (3.3 tons)
- Papua New Guinea (1.4 tons)
- American Samoa (1.0 tons)
- Samoa (0.6 tons)
- New Caledonia (0.3 tons)
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