Stainless Steel Wire Price in Australia - 2023
Contents:
- Stainless Steel Wire Price in Australia (CIF) - 2022
- Stainless Steel Wire Price in Australia (FOB) - 2022
- Stainless Steel Wire Imports in Australia
- Stainless Steel Wire Exports in Australia
Stainless Steel Wire Price in Australia (CIF) - 2022
The average stainless steel wire import price stood at $5,817 per ton in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level 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 Italy ($12,298 per ton), while the price for Malaysia ($1,367 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Australia (FOB) - 2022
The average stainless steel wire export price stood at $6,938 per ton in 2022, with an increase of 7.3% against the previous year. In general, the export price saw a temperate expansion. The growth pace was the most rapid in 2020 when the average export price increased by 132%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($15,261 per ton), while the average price for exports to New Caledonia ($1,584 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 French Polynesia (+75.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Australia
In 2022, stainless steel wire imports into Australia rose rapidly to 3.1K tons, picking up by 5% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire imports skyrocketed to $18M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +50.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.1 | 5.3 | 6.4 | 9.6 | 16.3% |
| China | 0.7 | 1.4 | 1.7 | 1.8 | 37.0% |
| South Korea | 2.1 | 0.9 | 1.4 | 1.8 | -5.0% |
| Taiwan (Chinese) | 0.8 | 0.8 | 1.4 | 1.2 | 14.5% |
| Thailand | 0.9 | 1.2 | 0.7 | 0.7 | -8.0% |
| Czech Republic | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Indonesia | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Italy | 0.5 | 0.6 | 0.8 | 0.1 | -41.5% |
| Malaysia | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 1.4 | 1.2 | 1.0 | 1.9 | 10.7% |
| Total | 12.8 | 11.8 | 14.0 | 17.8 | 11.6% |
Top Suppliers of Stainless Steel Wire to Australia in 2022:
- India (1909.1 tons)
- China (333.0 tons)
- South Korea (269.9 tons)
- Taiwan (Chinese) (185.3 tons)
- Indonesia (62.3 tons)
- Czech Republic (52.0 tons)
- Malaysia (49.9 tons)
- Thailand (34.4 tons)
- Italy (6.2 tons)
Stainless Steel Wire Exports in Australia
In 2022, the amount of stainless steel wire exported from Australia reduced to 105 tons, waning by -12% on the previous year's figure. Overall, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 32%.
In value terms, stainless steel wire exports declined to $726K in 2022. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 55%.
| Export of Stainless Steel Wire in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 487 | 175 | 333 | 396 | -6.7% |
| Malaysia | 4.9 | 5.9 | 84.9 | 74.8 | 148.1% |
| Papua New Guinea | 64.8 | 27.5 | 59.5 | 47.9 | -9.6% |
| French Polynesia | N/A | 5.3 | 16.8 | 31.7 | 144.6% |
| Thailand | N/A | 12.4 | 39.4 | 26.8 | 47.0% |
| Fiji | 75.0 | 7.2 | 18.9 | 13.2 | -44.0% |
| New Caledonia | 7.5 | 1.4 | 12.8 | 6.8 | -3.2% |
| United States | 329 | 129 | 66.1 | N/A | -55.2% |
| American Samoa | 169 | N/A | N/A | N/A | 0% |
| Others | 73.7 | 132 | 138 | 129 | 20.5% |
| Total | 1,211 | 495 | 769 | 726 | -15.7% |
Top Export Markets for Stainless Steel Wire from Australia in 2022:
- New Zealand (79.0 tons)
- Malaysia (6.3 tons)
- New Caledonia (4.3 tons)
- Thailand (3.9 tons)
- Papua New Guinea (3.1 tons)
- French Polynesia (2.6 tons)
- Fiji (1.3 tons)
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