Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia
- Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (CIF) - 2023
In November 2023, the average import price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia amounted to $932 per ton, falling by -3.1% against the previous month. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in April 2023 an increase of 6% m-o-m. The import price peaked at $1,584 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($2,761 per ton), while the price for Vietnam ($817 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia amounted to $2,051 per ton, declining by -46% against the previous year. Overall, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2019 an increase of 140%. The export price peaked at $3,797 per ton in 2021, and then dropped notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($4,684 per ton), while the average price for exports to New Zealand ($1,372 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 Papua New Guinea (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia
In 2022, the amount of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia imported into Australia reduced to 135K tons, falling by -5.6% against the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 50%. As a result, imports attained the peak of 143K tons, and then contracted in the following year.
In value terms, imports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia skyrocketed to $198M in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 29.0 | 18.7 | 20.9 | 34.4 | 5.9% |
| China | 16.2 | 15.0 | 16.7 | 18.6 | 4.7% |
| Pakistan | 4.1 | 3.9 | 12.4 | 15.2 | 54.8% |
| United Kingdom | 1.4 | 0.7 | 1.7 | 3.1 | 30.3% |
| Italy | 1.1 | 0.7 | 1.3 | 2.9 | 38.1% |
| United States | 1.9 | 1.8 | 1.5 | 2.4 | 8.1% |
| Vietnam | 0.1 | 0.1 | 0.2 | 1.8 | 162.1% |
| United Arab Emirates | 4.6 | 10.0 | 16.8 | 0.5 | -52.3% |
| Others | 63.9 | 29.6 | 90.4 | 119 | 23.0% |
| Total | 122 | 80.6 | 162 | 198 | 17.5% |
Top Suppliers of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section to Australia in 2022:
- India (23.6K tons)
- Pakistan (10.8K tons)
- China (10.6K tons)
- Italy (2.5K tons)
- Vietnam (1.3K tons)
- United States (1.2K tons)
- United Kingdom (1.0K tons)
- United Arab Emirates (0.5K tons)
Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia
In 2022, approx. 293 tons of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia were exported from Australia; with a decrease of -8% compared with the year before. Overall, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 318 tons, and then contracted in the following year.
In value terms, exports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia declined markedly to $601K in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports attained the peak of $1.2M, and then shrank rapidly in the following year.
| Export of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 187 | 293 | 162 | 288 | 15.5% |
| Indonesia | N/A | N/A | 240 | 167 | -30.4% |
| Thailand | 16.0 | 75.8 | 117 | 57.3 | 53.0% |
| Papua New Guinea | 5.3 | 31.9 | 131 | 42.3 | 99.8% |
| Germany | N/A | N/A | 6.7 | 20.8 | 210.4% |
| China | 147 | N/A | 5.5 | N/A | -80.7% |
| United Arab Emirates | N/A | N/A | 32.9 | N/A | 0% |
| Others | 444 | 281 | 513 | 25.3 | -61.5% |
| Total | 800 | 681 | 1,209 | 601 | -9.1% |
Top Export Markets for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section from Australia in 2022:
- New Zealand (209.8 tons)
- Indonesia (35.6 tons)
- Thailand (29.1 tons)
- Papua New Guinea (11.3 tons)
- Germany (5.7 tons)
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