Price for Safety Pins and Other Pins; of Iron or Steel in Australia - 2024
Contents:
- Price for Safety Pins and Other Pins; of Iron or Steel in Australia (CIF) - 2022
- Price for Safety Pins and Other Pins; of Iron or Steel in Australia (FOB) - 2022
- Imports of Safety Pins and Other Pins; of Iron or Steel in Australia
- Exports of Safety Pins and Other Pins; of Iron or Steel in Australia
Price for Safety Pins and Other Pins; of Iron or Steel in Australia (CIF) - 2022
The average import price for safety pins and other pins; of iron or steels stood at $13,020 per ton in 2022, reducing by -33.5% against the previous year. In general, the import price, however, saw tangible growth. The most prominent rate of growth was recorded in 2017 an increase of 52%. The import price peaked at $19,568 per ton in 2021, and then contracted dramatically in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($13,051 per ton) and Taiwan (Chinese) ($13,021 per ton), while the price for Hong Kong SAR ($13,019 per ton) and South Africa ($13,019 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Safety Pins and Other Pins; of Iron or Steel in Australia (FOB) - 2022
In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $8,856 per ton, which is down by -42.8% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 100% against the previous year. The export price peaked at $33,082 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($43,651 per ton), while the average price for exports to South Africa ($3,000 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 Tanzania (+74.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Safety Pins and Other Pins; of Iron or Steel in Australia
In 2022, after two years of decline, there was significant growth in overseas purchases of safety pins and other pins; of iron or steels, when their volume increased by 67% to 77 tons. In general, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of safety pins and other pins; of iron or steels stood at $1M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Safety Pins and Other Pins; of Iron or Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 588 | 657 | 536 | 607 | 1.1% |
| United States | 85.3 | 41.5 | 115 | 129 | 14.8% |
| India | 24.1 | 39.8 | 49.2 | 64.8 | 39.1% |
| Taiwan (Chinese) | 11.8 | 16.0 | 17.2 | 50.1 | 61.9% |
| Japan | 43.4 | 32.3 | 42.6 | 44.0 | 0.5% |
| South Africa | 17.4 | 43.0 | 21.6 | 34.4 | 25.5% |
| Norway | 17.6 | 13.1 | 39.5 | 17.9 | 0.6% |
| Malaysia | 43.0 | 26.3 | 3.5 | 1.8 | -65.3% |
| Others | 55.8 | 33.3 | 78.2 | 53.3 | -1.5% |
| Total | 886 | 902 | 903 | 1,002 | 4.2% |
Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Australia in 2022:
- China (46.6 tons)
- United States (9.9 tons)
- India (5.0 tons)
- Taiwan (Chinese) (3.9 tons)
- Japan (3.4 tons)
- South Africa (2.6 tons)
- Norway (1.4 tons)
- Malaysia (0.1 tons)
Exports of Safety Pins and Other Pins; of Iron or Steel in Australia
In 2022, exports of safety pins and other pins; of iron or steels from Australia skyrocketed to 27 tons, growing by 75% compared with 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 180%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of safety pins and other pins; of iron or steels reached $239K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Safety Pins and Other Pins; of Iron or Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.7 | 14.8 | 23.2 | 52.1 | 60.1% |
| South Korea | N/A | N/A | N/A | 42.0 | 0% |
| New Zealand | 19.5 | 20.7 | 49.0 | 39.2 | 26.2% |
| Ghana | N/A | 17.3 | 31.5 | 18.9 | 4.5% |
| Senegal | 0.2 | 7.2 | 8.5 | 15.6 | 327.3% |
| Indonesia | 14.2 | 7.3 | 100 | 12.6 | -3.9% |
| Papua New Guinea | 7.0 | 3.4 | 0.2 | 11.9 | 19.3% |
| Tanzania | N/A | 3.8 | 11.2 | 6.9 | 34.8% |
| Singapore | 2.0 | 25.0 | 2.3 | 5.5 | 40.1% |
| Cote d'Ivoire | 1.9 | 3.9 | N/A | 2.6 | 11.0% |
| Botswana | N/A | 3.1 | 0.1 | 0.1 | -82.0% |
| South Africa | 8.3 | 2.7 | 3.0 | N/A | -39.9% |
| Others | 4.6 | 3.0 | 8.8 | 31.6 | 90.1% |
| Total | 70.3 | 112 | 238 | 239 | 50.4% |
Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Australia in 2022:
- South Korea (13.4 tons)
- Ghana (2.9 tons)
- United States (2.8 tons)
- New Zealand (1.4 tons)
- Tanzania (1.2 tons)
- Senegal (1.2 tons)
- Papua New Guinea (1.0 tons)
- Singapore (0.5 tons)
- Indonesia (0.3 tons)
- Cote d'Ivoire (0.3 tons)
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