Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $952 per ton, increasing by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.1% per year.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (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 $988 per ton, with an increase of 33% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. Over the period under review, average import prices attained the peak figure at $1,207 per ton in 2012; however, from 2013 to 2022, 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 ($1,767 per ton), while the price for China ($893 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses was finally on the rise to reach 4.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a noticeable shrinkage.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $4.6M in 2022. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.8 | 1.5 | N/A | 4.6 | 6.6% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 4.0 | 1.7 | 0.1 | 4.6 | 4.8% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from New Zealand in 2022:
- Australia (4.9K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand
In 2022, after two years of decline, there was significant growth in purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume increased by 114% to 1.6K tons. Overall, imports, however, saw a dramatic slump.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $1.5M in 2022. Over the period under review, imports, however, recorded a dramatic downturn.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,775 | 1,176 | 44.4 | 887 | -20.6% |
| China | 2.2 | 11.1 | 12.9 | 326 | 429.2% |
| Turkey | N/A | N/A | N/A | 157 | 0% |
| Indonesia | 1,113 | 366 | 109 | 134 | -50.6% |
| Taiwan (Chinese) | N/A | 106 | 172 | 6.5 | -75.2% |
| Vietnam | N/A | 148 | 175 | N/A | 18.2% |
| Malaysia | 311 | 162 | N/A | N/A | -47.9% |
| Others | 70.8 | N/A | 26.8 | 21.3 | -33.0% |
| Total | 3,272 | 1,970 | 540 | 1,532 | -22.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to New Zealand in 2022:
- Singapore (894.2 tons)
- China (365.1 tons)
- Turkey (172.2 tons)
- Indonesia (102.6 tons)
- Taiwan (Chinese) (5.6 tons)
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