Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,147 per ton, waning by -4.9% against the previous month. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in November 2023 when the average import price increased by 30% m-o-m. The import price peaked at $1,642 per ton in March 2023; however, from April 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($2,092 per ton), while the price for China ($980 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $4,424 per ton, picking up by 18% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 257%. Over the period under review, the average export prices hit record highs at $5,030 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($8,149 per ton), while the average price for exports to the United Arab Emirates ($1,179 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 Australia (+22.4%), 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 New Zealand
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into New Zealand shrank rapidly to 4K tons, declining by -28.4% compared with the previous year's figure. In general, imports saw a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 5.6K tons, and then declined significantly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds reduced to $6.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $7.5M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,040 | 1,723 | 3,642 | 2,310 | 4.2% |
| South Korea | 1,221 | 848 | 1,771 | 1,221 | 0.0% |
| Turkey | 525 | 418 | 121 | 938 | 21.3% |
| Australia | 552 | 671 | 965 | 772 | 11.8% |
| Thailand | 103 | 249 | 416 | 531 | 72.8% |
| Taiwan (Chinese) | N/A | 95.8 | 116 | 194 | 42.3% |
| Portugal | N/A | 57.2 | 201 | 152 | 63.0% |
| Malaysia | 168 | 127 | 103 | 80.2 | -21.8% |
| Others | 351 | 469 | 153 | 288 | -6.4% |
| Total | 4,961 | 4,659 | 7,490 | 6,486 | 9.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to New Zealand in 2022:
- China (1646.7 tons)
- South Korea (692.9 tons)
- Turkey (623.9 tons)
- Australia (470.1 tons)
- Taiwan (Chinese) (158.5 tons)
- Thailand (147.5 tons)
- Portugal (122.0 tons)
- Malaysia (66.0 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand
In 2022, overseas shipments of iron or non-alloy steel wire, not plated or coateds were finally on the rise to reach 33 tons after two years of decline. In general, exports saw a buoyant 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 skyrocketed to $147K in 2022. Overall, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.9 | 35.8 | 25.8 | 91.3 | 263.6% |
| Turkey | N/A | N/A | N/A | 40.9 | 0% |
| Fiji | 23.3 | 1.3 | 2.7 | 7.8 | -30.6% |
| Tonga | N/A | 11.1 | 1.4 | 1.9 | -58.6% |
| United Arab Emirates | N/A | N/A | N/A | 1.2 | 0% |
| Samoa | 5.4 | 3.4 | 1.5 | 0.8 | -47.1% |
| French Polynesia | 7.8 | 4.3 | 4.4 | 0.7 | -55.2% |
| France | 32.5 | N/A | N/A | N/A | 0% |
| Others | 22.5 | 13.0 | 1.5 | 2.8 | -50.1% |
| Total | 93.4 | 68.8 | 37.3 | 147 | 16.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from New Zealand in 2022:
- Turkey (19.0 tons)
- Australia (11.2 tons)
- Fiji (1.3 tons)
- United Arab Emirates (1.0 tons)
- Samoa (0.2 tons)
- Tonga (0.1 tons)
- French Polynesia (0.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in New Zealand.
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This report provides an in-depth analysis of the market for iron and steel wire in New Zealand.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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