Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $966 per ton, rising by 1.7% against the previous year. Overall, the import price saw a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of 41%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Spain ($1,613 per ton), while the price for China ($954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,090 per ton in 2022, with an increase of 3.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 175%. The export price peaked at $2,345 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5,222 per ton), while the average price for exports to South Africa ($341 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 Thailand (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Australia skyrocketed to 63K tons in 2022, increasing by 20,264% on 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $61M in 2022. In general, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.0 | N/A | N/A | 2.9 | -25.5% |
| Germany | N/A | 0.2 | 0.3 | 0.7 | 87.1% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 0.3 | N/A | N/A | N/A | 0% |
| Others | 31.8 | N/A | N/A | 57.4 | 21.8% |
| Total | 39.1 | 0.2 | 0.3 | 61.0 | 16.0% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Australia in 2022:
- Singapore (2.8K tons)
- Germany (0.5K tons)
- China (0.1K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
In 2022, approx. 184 tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were exported from Australia; which is down by -4.7% on the previous year's figure. In general, exports saw a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank to $201K in 2022. Overall, exports saw a sharp decrease.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 182 | 55.0 | 74.2 | 97.2 | -18.9% |
| Vanuatu | N/A | N/A | N/A | 21.1 | 0% |
| Papua New Guinea | 44.6 | 78.9 | 74.9 | 19.4 | -24.2% |
| Guam | N/A | N/A | N/A | 19.2 | 0% |
| New Caledonia | 18.2 | 9.6 | 23.2 | 19.0 | 1.4% |
| Vietnam | N/A | N/A | N/A | 3.7 | 0% |
| South Africa | 0.1 | N/A | 8.9 | 1.7 | 157.1% |
| South Korea | 11.2 | 56.0 | N/A | N/A | 400.0% |
| Indonesia | 866 | N/A | 12.3 | N/A | -88.1% |
| Others | 64.0 | 87.4 | 10.5 | 19.2 | -33.1% |
| Total | 1,187 | 287 | 204 | 201 | -44.7% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Australia in 2022:
- New Zealand (75.0 tons)
- Vanuatu (32.9 tons)
- Guam (31.9 tons)
- Papua New Guinea (17.2 tons)
- New Caledonia (10.4 tons)
- Vietnam (9.1 tons)
- South Africa (5.0 tons)
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