Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (CIF) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (CIF) - 2024
In September 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $809 per ton, growing by 5.4% against the previous month. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in May 2023 an increase of 11% month-to-month. As a result, import price reached the peak level of $1,014 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From February 2023 to September 2023, the rate of growth in terms of prices for Indonesia amounted to 0.0% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $743 per ton in 2022, shrinking by -87% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 202%. As a result, the export price attained the peak level of $5,707 per ton, and then declined significantly in the following year.
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 the United Arab Emirates ($735 per ton), while the average price for exports to Tonga stood at $328 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+54.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
In 2022, supplies from abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.4% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 466% against the previous year. As a result, imports reached the peak of 20K tons, leveling off in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses fell slightly to $18M in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 631%. As a result, imports attained the peak of $18M, and then fell slightly in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 1.3 | 16.7 | 15.4 | 244.2% |
| China | 0.8 | 0.7 | 0.7 | 1.4 | 20.5% |
| Malaysia | N/A | N/A | N/A | 0.7 | 0% |
| Others | N/A | 0.4 | 0.7 | 0.1 | -50.0% |
| Total | 0.8 | 2.5 | 18.1 | 17.7 | 180.7% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to New Zealand in 2022:
- Singapore (17.3K tons)
- China (1.4K tons)
- Malaysia (0.9K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
In 2022, approx. 2.2K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from New Zealand; rising by 10,776% on the previous year's figure. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $1.6M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 104 | 1,586 | 1425.0% |
| Tonga | N/A | 1.4 | N/A | 18.0 | 258.6% |
| Others | 28.9 | 10.7 | 12.0 | 42.7 | 13.9% |
| Total | 28.9 | 12.2 | 116 | 1,647 | 284.8% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from New Zealand in 2022:
- United Arab Emirates (2159.1 tons)
- Tonga (54.7 tons)
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