Price for Steel Alloy Wire of Silico-Manganese Steel in New Zealand - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in New Zealand (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in New Zealand (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in New Zealand
- Exports of Steel Alloy Wire of Silico-Manganese Steel in New Zealand
Price for Steel Alloy Wire of Silico-Manganese Steel in New Zealand (CIF) - 2022
In 2022, the average import price for steel alloy wire of silico-manganese steels amounted to $2,057 per ton, rising by 11% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 steel alloy wire of silico-manganese steels increased by +24.1% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 26%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($2,507 per ton) and Australia ($2,355 per ton), while the price for the United States ($1,872 per ton) and China ($1,926 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in New Zealand (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $25,362 per ton, almost unchanged from the previous year. In general, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices attained the maximum at $31,340 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Fiji.
From 2013 to 2022, the rate of growth in terms of prices for Fiji amounted to +71.6% per year.
Imports of Steel Alloy Wire of Silico-Manganese Steel in New Zealand
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by -7.3% to 427 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 149%. As a result, imports reached the peak of 460 tons, and then contracted in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels stood at $878K in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 161%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.8 | 111 | 602 | 472 | 119.2% |
| Italy | 147 | 111 | 162 | 349 | 33.4% |
| Australia | 12.6 | 57.7 | 28.0 | 28.3 | 31.0% |
| United States | N/A | 4.8 | 1.8 | 15.1 | 77.4% |
| Vietnam | N/A | 19.8 | 13.7 | N/A | -30.8% |
| Others | 8.8 | 21.2 | 43.1 | 13.2 | 14.5% |
| Total | 213 | 326 | 851 | 878 | 60.3% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to New Zealand in 2022:
- China (245.2 tons)
- Italy (157.8 tons)
- Australia (12.0 tons)
- United States (8.0 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in New Zealand
In 2022, shipments abroad of steel alloy wire of silico-manganese steels decreased by 0% to 11 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a precipitous contraction. The smallest decline of 99.9% was in 2020.
In value terms, exports of steel alloy wire of silico-manganese steels stood at $279 in 2022. Overall, exports faced a sharp decline. The smallest decline of 99.9% was in 2020.
| Export of Steel Alloy Wire of Silico-Manganese Steel in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | N/A | N/A | 279 | 0% |
| Australia | 1,654 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,654 | N/A | N/A | 279 | -44.7% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from New Zealand in 2022:
- Fiji (11.0 kg)
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