Price for Steel, Alloy; Semi-Finished Products in Australia - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Australia (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Australia (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Australia
- Exports of Steel, Alloy; Semi-Finished Products in Australia
Price for Steel, Alloy; Semi-Finished Products in Australia (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $2,013 per ton in 2022, surging by 101% against the previous year. Overall, the import price saw a modest expansion. The import price peaked at $3,367 per ton in 2017; however, from 2018 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 Turkey ($4,981 per ton), while the price for South Korea ($1,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+107.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Australia (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $5,005 per ton, surging by 10% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 308% against the previous year. The export price peaked at $5,464 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($13,150 per ton), while the average price for exports to New Zealand ($4,247 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 the UK (+124.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Australia
In 2022, the amount of steel, alloy; semi-finished productses imported into Australia fell markedly to 1.2K tons, which is down by -72.8% compared with the previous year's figure. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 2,935%. As a result, imports reached the peak of 4.4K tons, and then shrank notably in the following year.
In value terms, steel, alloy; semi-finished products imports fell sharply to $2.4M in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,003%. As a result, imports attained the peak of $4.4M, and then declined rapidly in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 77.4 | 118 | 523 | 1,377 | 161.1% |
| South Korea | N/A | N/A | N/A | 557 | 0% |
| India | N/A | N/A | 2,103 | 278 | -86.8% |
| Turkey | N/A | N/A | 289 | 93.0 | -67.8% |
| Italy | 601 | 177 | 224 | 51.8 | -55.8% |
| Oman | N/A | N/A | 1,011 | N/A | 0% |
| Others | 121 | 105 | 257 | 49.5 | -25.8% |
| Total | 799 | 399 | 4,407 | 2,406 | 44.4% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Australia in 2022:
- South Korea (481.7 tons)
- Germany (451.5 tons)
- India (223.2 tons)
- Turkey (18.7 tons)
- Italy (11.7 tons)
Exports of Steel, Alloy; Semi-Finished Products in Australia
In 2022, the amount of steel, alloy; semi-finished productses exported from Australia fell remarkably to 40 tons, reducing by -41% on the previous year. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 60%.
In value terms, steel, alloy; semi-finished products exports contracted dramatically to $203K in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 291%. As a result, the exports attained the peak of $312K, and then declined notably in the following year.
| Export of Steel, Alloy; Semi-Finished Products in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 51.0 | 44.7 | 76.8 | 142 | 40.7% |
| China | N/A | N/A | 1.7 | 23.0 | 1252.9% |
| United Kingdom | N/A | N/A | 46.5 | 13.7 | -70.5% |
| Hong Kong SAR | N/A | N/A | N/A | 13.2 | 0% |
| Senegal | N/A | N/A | N/A | 8.6 | 0% |
| Bulgaria | 49.5 | N/A | N/A | N/A | 0% |
| South Korea | 75.9 | N/A | N/A | N/A | 0% |
| Papua New Guinea | N/A | N/A | 145 | N/A | 0% |
| American Samoa | 101 | N/A | N/A | N/A | 0% |
| India | N/A | 28.7 | 34.2 | N/A | 19.2% |
| Others | 4.5 | 6.3 | 8.0 | 2.1 | -22.4% |
| Total | 282 | 79.7 | 312 | 203 | -10.4% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Australia in 2022:
- New Zealand (33.4 tons)
- China (4.2 tons)
- United Kingdom (1.1 tons)
- Hong Kong SAR (1.0 tons)
- Senegal (0.7 tons)
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