Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $797 per ton in January 2024, falling by -2.6% against the previous month. Over the period under review, the import price showed a mild curtailment. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 4.6% m-o-m. The import price peaked at $910 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Thailand ($919 per ton) and Taiwan (Chinese) ($825 per ton), while the price for South Africa ($700 per ton) and China ($749 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,756 per ton, falling by -52.3% against the previous year. Over the period under review, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 189% against the previous year. The export price peaked at $3,682 per ton in 2021, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($1,956 per ton), while the average price for exports to India ($1,264 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 (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia
Imports of iron or non-alloy steel wire, not plated or coateds into Australia shrank remarkably to 60K tons in 2022, waning by -19.8% on 2021. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of 75K tons, and then fell significantly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds dropped to $63M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, imports attained the peak of $69M, and then fell in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 12.0 | 16.9 | 14.6 | 4.2% |
| Singapore | 15.7 | 13.4 | 26.2 | 10.2 | -13.4% |
| Thailand | 6.7 | 6.6 | 8.7 | 9.7 | 13.1% |
| South Africa | 0.2 | 0.6 | 3.5 | 9.3 | 259.6% |
| Malaysia | 3.4 | 4.5 | 7.6 | 7.8 | 31.9% |
| Taiwan (Chinese) | 2.4 | 1.3 | 1.2 | 1.2 | -20.6% |
| South Korea | 2.0 | 1.7 | 2.0 | 0.5 | -37.0% |
| Others | 2.9 | 1.7 | 3.0 | 9.5 | 48.5% |
| Total | 46.2 | 41.9 | 69.0 | 62.9 | 10.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Australia in 2022:
- China (13.4K tons)
- Singapore (10.7K tons)
- South Africa (10.7K tons)
- Malaysia (8.1K tons)
- Thailand (7.2K tons)
- Taiwan (Chinese) (1.0K tons)
- South Korea (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Australia skyrocketed to 195 tons, surging by 106% compared with the previous year's figure. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds reduced slightly to $342K in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 93%. As a result, the exports reached the peak of $349K, and then declined modestly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 14.8 | 68.5 | 205 | 307 | 174.8% |
| India | N/A | N/A | N/A | 27.1 | 0% |
| Papua New Guinea | 13.1 | 21.6 | N/A | 1.5 | -51.4% |
| Hong Kong SAR | N/A | N/A | 10.1 | N/A | 0% |
| Thailand | 29.5 | N/A | 6.6 | N/A | -52.7% |
| China | 17.1 | N/A | N/A | N/A | 0% |
| Malaysia | 43.0 | 41.7 | N/A | N/A | -3.0% |
| South Africa | 24.4 | N/A | N/A | N/A | 0% |
| Singapore | 11.8 | N/A | 0.2 | N/A | -87.0% |
| Pakistan | N/A | N/A | 74.1 | N/A | 0% |
| Others | 8.9 | 48.9 | 52.2 | 6.2 | -11.4% |
| Total | 163 | 181 | 349 | 342 | 28.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Australia in 2022:
- New Zealand (172.0 tons)
- India (21.5 tons)
- Papua New Guinea (0.8 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Australia.
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This report provides an in-depth analysis of the market for iron and steel wire in Australia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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