Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $3,376 per ton in 2022, with an increase of 26% against the previous year. Overall, the import price saw a modest increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,808 per ton), while the price for Taiwan (Chinese) ($1,713 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,336 per ton, increasing by 51% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 199% against the previous year. As a result, the export price attained the peak level of $4,712 per ton. From 2017 to 2022, the average export prices remained at a somewhat 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 Tonga ($6,709 per ton), while the average price for exports to French Polynesia ($1,978 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 Tonga (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand

In 2022, approx. 2.4K tons of alloy steel flat-rolled products, of a width of less than 600mms were imported into New Zealand; reducing by -16% against the previous year's figure. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 49%.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms rose significantly to $8M in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to New Zealand in 2022:

1. Singapore (1621.4 tons)
2. South Korea (473.6 tons)
3. China (184.5 tons)
4. Taiwan (Chinese) (40.0 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in New Zealand

In 2022, after three years of growth, there was significant decline in overseas shipments of alloy steel flat-rolled products, of a width of less than 600mms, when their volume decreased by -69.7% to 52 tons. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 119%. As a result, the exports attained the peak of 173 tons, and then dropped markedly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms contracted dramatically to $122K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 114%.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from New Zealand in 2022:

1. French Polynesia (44.0 tons)
2. Fiji (4.2 tons)
3. Australia (3.2 tons)

Source: IndexBox Market Intelligence Platform