Price for Steel, Alloy; Ingots and Other Primary Forms in Australia - 2024
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Australia (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Australia (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Australia
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Australia
Price for Steel, Alloy; Ingots and Other Primary Forms in Australia (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $11,938 per ton in 2022, with an increase of 3,705% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,916 per ton), while the average price for exports to Indonesia ($1,164 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 the United States (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Australia (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $2,939 per ton in 2022, waning by -51.7% against the previous year. Overall, the import price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 545% against the previous year. As a result, import price attained the peak level of $6,084 per ton, and then dropped rapidly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +39.5% per year.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Australia
Exports of steel, alloy; ingots and other primary formses from Australia fell sharply to 220 tons in 2022, shrinking by -58.5% against 2021 figures. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 154% against the previous year. As a result, the exports attained the peak of 529 tons, and then fell sharply in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $2.6M in 2022. In general, exports, however, continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2,512 | 0% |
| Indonesia | N/A | N/A | 51.2 | 76.5 | 49.4% |
| New Zealand | 137 | 315 | 22.0 | 33.1 | -37.7% |
| Nauru | N/A | N/A | 25.0 | N/A | 0% |
| India | N/A | N/A | 40.9 | N/A | 0% |
| Panama | 232 | N/A | N/A | N/A | 0% |
| Others | 65.5 | N/A | 26.9 | N/A | -35.9% |
| Total | 434 | 315 | 166 | 2,621 | 82.1% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Australia in 2022:
- United States (132.8 tons)
- Indonesia (65.8 tons)
- New Zealand (21.0 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Australia
For the third year in a row, Australia recorded decline in supplies from abroad of steel, alloy; ingots and other primary formses, which decreased by -62.7% to 19 tons in 2022. Overall, imports showed a sharp descent. The smallest decline of -39.1% was in 2021.
In value terms, imports of steel, alloy; ingots and other primary formses declined remarkably to $55K in 2022. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 293%.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 4.1 | 54.7 | 1234.1% |
| Italy | 412 | 76.3 | N/A | N/A | -81.5% |
| New Zealand | 36.9 | N/A | 299 | N/A | 184.7% |
| Others | 1.9 | 0.9 | N/A | N/A | -52.6% |
| Total | 451 | 77.2 | 303 | 54.7 | -50.5% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Australia in 2022:
- United States (18.6 tons)
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