Price for Steel, Stainless; Ingots and Other Primary Forms in Australia - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Australia (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Australia (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Australia
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Australia
Price for Steel, Stainless; Ingots and Other Primary Forms in Australia (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $12,849 per ton, with an increase of 24% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; ingots and other primary formses decreased by -5.7% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 105% against the previous year. The export price peaked at $14,354 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($13,292 per ton), while the average price for exports to the United States stood at $12,711 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.6%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Australia (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $5,419 per ton in 2022, rising by 384% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The import price peaked at $46,227 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 the UK ($42,501 per ton), while the price for the United States stood at $3,858 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Australia
Exports of steel, stainless; ingots and other primary formses from Australia soared to 705 tons in 2022, rising by 27% against 2021 figures. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of steel, stainless; ingots and other primary formses skyrocketed to $9.1M in 2022. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 3.9 | 4.7 | 7.2 | 15.3% |
| Italy | 0.5 | 0.4 | 0.6 | 1.8 | 53.3% |
| Others | 0.3 | 0.3 | 0.4 | 0.1 | -30.7% |
| Total | 5.6 | 4.7 | 5.7 | 9.1 | 17.6% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Australia in 2022:
- United States (563.9 tons)
- Italy (135.7 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Australia
After three years of growth, overseas purchases of steel, stainless; ingots and other primary formses decreased by -70.9% to 31 tons in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 735% against the previous year. As a result, imports attained the peak of 108 tons, and then plummeted in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $171K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 155%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 49.1 | 4.6 | 116 | 478.2% |
| United Kingdom | 6.1 | N/A | N/A | 51.9 | 104.1% |
| Sweden | N/A | N/A | 46.5 | N/A | 0% |
| Myanmar | 10.0 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 67.5 | N/A | 0% |
| Others | 6.9 | 10.9 | 2.3 | 2.9 | -25.1% |
| Total | 23.5 | 60.0 | 121 | 171 | 93.8% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Australia in 2022:
- United States (30.0 tons)
- United Kingdom (1.2 tons)
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