Price for Wire of Other Alloy Steel in New Zealand - 2023
Contents:
- Price for Wire of Other Alloy Steel in New Zealand (CIF) - 2022
- Price for Wire of Other Alloy Steel in New Zealand (FOB) - 2022
- Imports of Wire of Other Alloy Steel in New Zealand
- Exports of Wire of Other Alloy Steel in New Zealand
Price for Wire of Other Alloy Steel in New Zealand (CIF) - 2022
The average import price for wire of other alloy steels stood at $2,473 per ton in 2022, with an increase of 17% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price decreased by +0.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 99%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($14,736 per ton), while the price for Malaysia ($1,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in New Zealand (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $3,796 per ton, growing by 15% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2015 when the average export price increased by 275% against the previous year. The export price peaked at $5,783 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($9,931 per ton), while the average price for exports to Samoa ($1,421 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 Fiji (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in New Zealand
In 2022, supplies from abroad of wire of other alloy steels decreased by -22.4% to 738 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of 951 tons, and then contracted notably in the following year.
In value terms, wire of other alloy steel imports fell to $1.8M in 2022. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of $2M, and then shrank in the following year.
| Import of Wire of Other Alloy Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 321 | 444 | 1,141 | 857 | 38.7% |
| Italy | 164 | 147 | 179 | 386 | 33.0% |
| Australia | 152 | 154 | 209 | 243 | 16.9% |
| South Korea | 83.7 | 104 | 24.9 | 124 | 14.0% |
| Vietnam | 5.5 | 24.8 | 55.8 | 50.2 | 109.0% |
| Malaysia | 0.5 | 14.9 | 94.6 | 41.3 | 335.5% |
| France | 31.1 | 11.9 | 25.6 | 3.3 | -52.7% |
| Others | 414 | 234 | 274 | 120 | -33.8% |
| Total | 1,172 | 1,135 | 2,004 | 1,825 | 15.9% |
Top Suppliers of Wire of Other Alloy Steel to New Zealand in 2022:
- China (411.6 tons)
- Italy (161.6 tons)
- South Korea (57.6 tons)
- Australia (35.8 tons)
- Malaysia (24.6 tons)
- Vietnam (22.6 tons)
- France (1.3 tons)
Exports of Wire of Other Alloy Steel in New Zealand
In 2022, shipments abroad of wire of other alloy steels decreased by -82.8% to 9.8 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2020 when exports increased by 714%. As a result, the exports attained the peak of 74 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wire of other alloy steel exports declined remarkably to $37K in 2022. In general, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 when exports increased by 552%. As a result, the exports reached the peak of $228K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Wire of Other Alloy Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 2.8 | 1.5 | 35.6 | 17.2 | 83.1% |
| Japan | 29.4 | 24.3 | 130 | 10.5 | -29.1% |
| Samoa | 0.1 | 11.2 | 12.2 | 5.6 | 282.6% |
| Kiribati | 0.1 | N/A | N/A | 2.4 | 188.4% |
| Cook Islands | 0.1 | 1.4 | 0.9 | 1.3 | 135.1% |
| Australia | 1.7 | 183 | 5.5 | N/A | 79.9% |
| Others | 0.9 | 6.2 | 2.8 | 0.1 | -51.9% |
| Total | 34.9 | 228 | 187 | 37.1 | 2.1% |
Top Export Markets for Wire of Other Alloy Steel from New Zealand in 2022:
- Samoa (3.9 tons)
- Japan (3.5 tons)
- Fiji (1.7 tons)
- Kiribati (0.3 tons)
- Cook Islands (0.3 tons)
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