Price for Ferrous Waste and Scrap; of Stainless Steel in New Zealand - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in New Zealand (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Stainless Steel in New Zealand (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in New Zealand
- Imports of Ferrous Waste and Scrap; of Stainless Steel in New Zealand
Price for Ferrous Waste and Scrap; of Stainless Steel in New Zealand (FOB) - 2024
The average export price for ferrous waste and scrap; of stainless steels stood at $1,209 per ton in January 2024, with a decrease of -3.3% against the previous month. Overall, export price indicated temperate growth from February 2023 to January 2024: its price increased at an average monthly rate of +2.9% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for ferrous waste and scrap; of stainless steels increased by +15.2% against November 2023 indices. The growth pace was the most rapid in July 2023 when the average export price increased by 77% month-to-month. Over the period under review, the average export prices reached the maximum at $1,603 per ton in August 2023; however, from September 2023 to January 2024, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In January 2024, the highest price was recorded for prices to Singapore ($1,411 per ton) and South Korea ($1,224 per ton), while the average price for exports to Pakistan ($981 per ton) and Hong Kong SAR ($1,076 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in New Zealand (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,516 per ton, jumping by 60% against the previous year. Over the period under review, the import price enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 99%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Fiji ($1,518 per ton), while the price for Australia amounted to $1,421 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in New Zealand
After two years of decline, overseas shipments of ferrous waste and scrap; of stainless steels increased by 9.7% to 20K tons in 2022. Over the period under review, exports, however, saw a deep contraction.
In value terms, exports of ferrous waste and scrap; of stainless steels surged to $26M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.8 | 7.8 | 10.0 | 12.2 | 11.5% |
| Singapore | 2.1 | 2.3 | 2.9 | 5.6 | 38.7% |
| Australia | 1.9 | 0.3 | 2.4 | 1.8 | -1.8% |
| Hong Kong SAR | 4.2 | 2.5 | 0.8 | 1.8 | -24.6% |
| Indonesia | N/A | 0.1 | 0.3 | 0.6 | 144.9% |
| Bangladesh | 0.8 | 0.5 | N/A | 0.5 | -14.5% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Pakistan | 0.2 | 0.6 | 0.8 | 0.2 | 0.0% |
| United Arab Emirates | 1.6 | 2.2 | 0.4 | 0.1 | -60.3% |
| Others | 0.7 | 0.7 | 2.6 | 2.3 | 48.7% |
| Total | 20.5 | 17.0 | 20.4 | 25.5 | 7.5% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from New Zealand in 2022:
- India (6.6K tons)
- Singapore (5.4K tons)
- Australia (1.4K tons)
- Indonesia (1.3K tons)
- Hong Kong SAR (1.1K tons)
- Bangladesh (1.0K tons)
- Malaysia (0.6K tons)
- United Arab Emirates (0.4K tons)
- Pakistan (0.3K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in New Zealand
In 2022, the amount of ferrous waste and scrap; of stainless steels imported into New Zealand surged to 34 tons, picking up by 211% on the year before. Over the period under review, imports, however, saw a deep downturn.
In value terms, imports of ferrous waste and scrap; of stainless steels skyrocketed to $52K in 2022. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Stainless Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 3.8 | 12.3 | 7.7 | 50.4 | 136.7% |
| Australia | 17.9 | N/A | 0.6 | 1.4 | -57.2% |
| French Polynesia | 10.5 | N/A | 1.8 | N/A | -58.6% |
| New Caledonia | N/A | 12.5 | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.3 | N/A | 22.5% |
| Total | 32.5 | 24.8 | 10.4 | 51.8 | 16.8% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to New Zealand in 2022:
- Fiji (33.2 tons)
- Australia (1.0 tons)
270
This report provides an in-depth analysis of the market for metal remelting scrap ingots in New Zealand.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
270
This report provides an in-depth analysis of the market for metal remelting scrap ingots in New Zealand.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
