Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia - 2024

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia (CIF) - 2022

In 2022, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $47 per unit, with an increase of 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($47 per unit) and Italy ($47 per unit), while the price for the UK ($47 per unit) and Papua New Guinea ($47 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia (FOB) - 2022

In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $50 per unit, growing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $50 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($50 per unit) and the United Arab Emirates ($50 per unit), while the average price for exports to India ($50 per unit) and the UK ($50 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia

Imports of containers for compressed or liquefied gas, of iron or steel into Australia soared to 1.7M units in 2022, picking up by 18% compared with the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel surged to $83M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Australia in 2022:

1. China (596.1K units)
2. Thailand (452.6K units)
3. Austria (241.9K units)
4. United States (127.1K units)
5. Germany (63.2K units)
6. United Kingdom (40.7K units)
7. Papua New Guinea (35.4K units)
8. India (23.2K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Australia

In 2022, approx. 125K units of containers for compressed or liquefied gas, of iron or steel were exported from Australia; increasing by 15% on 2021. In general, exports posted notable growth. The pace of growth was the most pronounced in 2021 with an increase of 104%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel skyrocketed to $6.2M in 2022. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 105%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Australia in 2022:

1. United States (35.8K units)
2. New Zealand (33.5K units)
3. China (13.5K units)
4. United Kingdom (10.4K units)
5. Singapore (7.8K units)
6. Papua New Guinea (5.6K units)
7. India (2.5K units)

Source: IndexBox Market Intelligence Platform