Price for Steel, Alloy; Ingots and Other Primary Forms in New Zealand - 2024
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in New Zealand (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in New Zealand (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in New Zealand
- Exports of Steel, Alloy; Ingots and Other Primary Forms in New Zealand
Price for Steel, Alloy; Ingots and Other Primary Forms in New Zealand (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $6,902 per ton in 2022, picking up by 88% against the previous year. Over the period under review, the import price posted a moderate increase. The growth pace was the most rapid in 2015 when the average import price increased by 2,695% against the previous year. The import price peaked at $88,796 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($8,786 per ton), while the price for the UK amounted to $4,656 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.6%).
Price for Steel, Alloy; Ingots and Other Primary Forms in New Zealand (FOB) - 2022
In 2021, the average export price for steel, alloy; ingots and other primary formses amounted to $5,091 per ton, with a decrease of -25.5% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15% against the previous year. The export price peaked at $8,203 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($8,943 per ton), while the average price for exports to Australia ($3,448 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.9%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in New Zealand
In 2022, imports of steel, alloy; ingots and other primary formses into New Zealand soared to 4 tons, rising by 133,267% on 2021. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $28K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.6 | N/A | N/A | 12.1 | 172.2% |
| United Kingdom | 2.7 | N/A | N/A | 12.0 | 64.4% |
| Others | 0.8 | N/A | N/A | 3.6 | 65.1% |
| Total | 4.1 | N/A | N/A | 27.6 | 88.8% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to New Zealand in 2022:
- United Kingdom (2.6 tons)
- Australia (1.4 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in New Zealand
Exports of steel, alloy; ingots and other primary formses from New Zealand plummeted to 70 tons in 2021, declining by -85.1% on the previous year. Overall, exports faced a significant curtailment. The smallest decline of -20% was in 2020.
In value terms, exports of steel, alloy; ingots and other primary formses shrank rapidly to $358K in 2021. In general, exports faced a precipitous contraction. The smallest decline of -24.3% was in 2020.
| Export of Steel, Alloy; Ingots and Other Primary Forms in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 1,179 | 596 | 200 | -58.8% | |
| Australia | 2,536 | 2,136 | 75.2 | -82.8% | |
| Taiwan (Chinese) | 161 | 153 | 48.6 | -45.1% | |
| Thailand | 382 | 337 | 34.2 | -70.1% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4,259 | 3,222 | 358 | -71.0% | |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from New Zealand in 2022:
- China (36.5 tons)
- Australia (21.8 tons)
- Taiwan (Chinese) (8.2 tons)
- Thailand (3.8 tons)
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