Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand - 2024

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,885 per ton, increasing by 28% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel; flat-rolled products of width less than 600mms increased by +114.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($11,123 per ton), while the price for Taiwan (Chinese) ($4,214 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $5,425 per ton in 2022, surging by 64% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $5,893 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($6,703 per ton), while the average price for exports to Cook Islands ($2,684 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 Vietnam (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand

In 2022, imports of stainless steel; flat-rolled products of width less than 600mms into New Zealand contracted significantly to 345 tons, waning by -24.4% against the previous year. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 116%.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms declined slightly to $2M in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 159%. As a result, imports attained the peak of $2.1M, and then dropped modestly in the following year.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to New Zealand in 2022:

1. Taiwan (Chinese) (115.3 tons)
2. Malaysia (101.3 tons)
3. China (98.6 tons)
4. India (11.2 tons)
5. South Korea (5.9 tons)
6. Australia (5.7 tons)
7. Singapore (1.4 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in New Zealand

For the third consecutive year, New Zealand recorded decline in shipments abroad of stainless steel; flat-rolled products of width less than 600mms, which decreased by -8% to 32 tons in 2022. Over the period under review, exports continue to indicate a deep reduction.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $174K in 2022. Overall, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from New Zealand in 2022:

1. Fiji (21.3 tons)
2. Cook Islands (5.3 tons)
3. Samoa (4.8 tons)
4. Australia (0.6 tons)

Source: IndexBox Market Intelligence Platform