Price for Ferrous Waste and Scrap; of Cast Iron in New Zealand - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in New Zealand (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in New Zealand (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Cast Iron in New Zealand
4. Imports of Ferrous Waste and Scrap; of Cast Iron in New Zealand

Price for Ferrous Waste and Scrap; of Cast Iron in New Zealand (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $474 per ton in 2022, increasing by 13% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38%. As a result, the export price attained the peak level of $791 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,239 per ton), while the average price for exports to Indonesia ($430 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 Indonesia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in New Zealand (CIF) - 2022

The average import price for ferrous waste and scrap; of cast ira stood at $3,049 per ton in 2022, with an increase of 427% against the previous year. In general, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for French Polynesia.

From 2012 to 2022, the rate of growth in terms of prices for Tonga amounted to +28.6% per year.

Exports of Ferrous Waste and Scrap; of Cast Iron in New Zealand

In 2022, shipments abroad of ferrous waste and scrap; of cast ira decreased by -38.8% to 7.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 428% against the previous year. As a result, the exports reached the peak of 12K tons, and then dropped sharply in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira fell significantly to $3.4M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 481%. As a result, the exports reached the peak of $4.9M, and then reduced sharply in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from New Zealand in 2022:

1. Indonesia (4.6K tons)
2. Singapore (1.5K tons)
3. Vietnam (0.7K tons)
4. Malaysia (0.3K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in New Zealand

In 2022, the amount of ferrous waste and scrap; of cast ira imported into New Zealand soared to 39 tons, growing by 654% against the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $119K in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to New Zealand in 2022:

1. French Polynesia (37.0 tons)

Source: IndexBox Market Intelligence Platform