Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $249,735 per ton in 2022, with an increase of 9.8% against the previous year. In general, the import price saw a prominent increase. The growth pace was the most rapid in 2017 an increase of 228% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($517,201 per ton), while the price for Taiwan (Chinese) ($42,661 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $186,256 per ton in 2022, growing by 14% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 423%. The export price peaked at $207,439 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($195,600 per ton) and Senegal ($188,667 per ton), while the average price for exports to the Netherlands ($185,042 per ton) and the United States ($185,544 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia

Imports of balances; of a sensitivity of 5cg or better, with or without weightses into Australia declined sharply to 10 tons in 2022, with a decrease of -17.5% compared with the previous year. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses reduced to $2.6M in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of $2.9M, and then contracted in the following year.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Australia in 2022:

1. Switzerland (5.1 tons)
2. Germany (1.7 tons)
3. Japan (0.7 tons)
4. China (0.7 tons)
5. Taiwan (Chinese) (0.5 tons)
6. United States (0.4 tons)
7. South Korea (0.4 tons)
8. Italy (0.1 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Australia

For the fourth year in a row, Australia recorded growth in overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses, which increased by 1.8% to 2.7 tons in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 167% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $496K in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 133%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Australia in 2022:

1. New Zealand (1391.0 kg)
2. Singapore (288.0 kg)
3. Philippines (162.0 kg)
4. United States (103.0 kg)
5. Nigeria (99.0 kg)
6. Spain (94.0 kg)
7. Cote d'Ivoire (89.0 kg)
8. Hong Kong SAR (76.0 kg)
9. Netherlands (71.0 kg)
10. Austria (54.0 kg)
11. Papua New Guinea (39.0 kg)

Source: IndexBox Market Intelligence Platform