Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $399 per ton in 2022, surging by 1.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 58% against the previous year. The export price peaked at $403 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,412 per ton), while the average price for exports to Australia ($310 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 Singapore (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $182 per ton in 2022, declining by -33.7% against the previous year. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2020 when the average import price increased by 90% against the previous year. As a result, import price reached the peak level of $581 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Australia ($4,499 per ton), while the price for Cook Islands ($104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from New Zealand skyrocketed to 45K tons in 2022, with an increase of 16% against the previous year. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 53K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $18M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.6 | 0.4 | 1.3 | 7.4 | 131.0% |
| Australia | 5.8 | 5.4 | 6.6 | 6.3 | 2.8% |
| Singapore | 0.5 | 0.9 | 2.0 | 1.2 | 33.9% |
| Hong Kong SAR | 0.3 | 0.4 | 0.4 | 1.1 | 54.2% |
| United Arab Emirates | 0.6 | 1.7 | 2.7 | 0.9 | 14.5% |
| Malaysia | N/A | 0.1 | 0.2 | 0.8 | 182.8% |
| Bangladesh | 0.9 | 0.5 | 0.2 | 0.1 | -51.9% |
| Vietnam | 1.5 | 1.2 | 0.2 | N/A | -63.5% |
| Pakistan | 0.3 | 1.8 | 0.1 | N/A | -42.3% |
| Others | 0.8 | 2.0 | 1.4 | 0.1 | -50.0% |
| Total | 11.2 | 14.4 | 15.3 | 18.0 | 17.1% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from New Zealand in 2022:
- Australia (20.5K tons)
- Indonesia (17.0K tons)
- Singapore (2.3K tons)
- United Arab Emirates (2.1K tons)
- Malaysia (1.7K tons)
- Hong Kong SAR (0.8K tons)
- Bangladesh (0.3K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand
In 2022, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s increased by 35% to 3K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped to $540K in 2022. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 67% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 208 | 218 | 258 | 352 | 19.2% |
| Australia | 335 | 732 | 329 | 168 | -20.6% |
| Cook Islands | 70.1 | 14.2 | 15.6 | 13.6 | -42.1% |
| Mexico | 141 | 120 | N/A | N/A | -14.9% |
| Others | 18.7 | 207 | 5.1 | 6.0 | -31.5% |
| Total | 774 | 1,292 | 608 | 540 | -11.3% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to New Zealand in 2022:
- French Polynesia (2813.0 tons)
- Cook Islands (131.0 tons)
- Australia (37.4 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in New Zealand.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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