Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,385 per ton in January 2024, increasing by 14% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in November 2023 an increase of 24% against the previous month. The import price peaked in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,976 per ton), while the price for Taiwan (Chinese) ($834 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,613 per ton in 2022, growing by 4.3% against the previous year. In general, the export price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 360% against the previous year. As a result, the export price attained the peak level of $13,532 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($9,160 per ton), while the average price for exports to New Zealand ($1,564 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 Thailand (+17.4%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of steel alloy wire of materials other than silico-manganese steels, when their volume decreased by -22.2% to 11K tons. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels shrank to $15M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of $17M, and then fell in the following year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 8.2 | 11.8 | 9.3 | 13.3% |
| South Korea | 0.8 | 0.7 | 1.5 | 2.0 | 35.7% |
| Malaysia | 0.3 | 0.7 | 1.5 | 1.9 | 85.0% |
| Italy | 0.4 | 0.4 | 0.7 | 0.6 | 14.5% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.4 | 0.4 | 26.0% |
| Vietnam | 0.1 | 0.1 | 0.6 | 0.3 | 44.2% |
| Others | 1.7 | 1.4 | 0.7 | 1.0 | -16.2% |
| Total | 9.8 | 11.6 | 17.2 | 15.4 | 16.3% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Australia in 2022:
- China (7.9K tons)
- Malaysia (1.1K tons)
- South Korea (1.1K tons)
- Italy (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
- Vietnam (0.2K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia
For the third consecutive year, Australia recorded decline in shipments abroad of steel alloy wire of materials other than silico-manganese steels, which decreased by -57.3% to 2.8K tons in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -12.4% was in 2021.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels fell sharply to $4.6M in 2022. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.5 | 10.6 | 10.0 | 4.2 | -20.9% |
| United States | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 8.7 | 11.1 | 10.2 | 4.6 | -19.1% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Australia in 2022:
- New Zealand (2697.5 tons)
- United States (121.3 tons)
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