Price for Aluminium Waste and Scrap in New Zealand - 2023
Contents:
- Price for Aluminium Waste and Scrap in New Zealand (FOB) - 2023
- Price for Aluminium Waste and Scrap in New Zealand (CIF) - 2023
- Exports of Aluminium Waste and Scrap in New Zealand
- Imports of Aluminium Waste and Scrap in New Zealand
Price for Aluminium Waste and Scrap in New Zealand (FOB) - 2023
In July 2023, the average aluminium waste and scrap export price amounted to $1,511 per ton, shrinking by -11.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 30% against the previous month. Over the period under review, the average export prices hit record highs at $1,798 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($1,854 per ton), while the average price for exports to the United Arab Emirates ($707 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in New Zealand (CIF) - 2023
The average aluminium waste and scrap import price stood at $1,254 per ton in July 2023, increasing by 26% against the previous month. Overall, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 38% m-o-m. As a result, import price attained the peak level of $2,091 per ton. From January 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($3,307 per ton), while the price for French Polynesia ($375 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-2.1%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium Waste and Scrap in New Zealand
In 2022, approx. 70K tons of aluminium waste and scraps were exported from New Zealand; waning by -37.4% compared with 2021. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by 181%. As a result, the exports attained the peak of 111K tons, and then shrank dramatically in the following year.
In value terms, aluminium waste and scrap exports fell markedly to $105M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 231%. As a result, the exports reached the peak of $148M, and then dropped markedly in the following year.
| Export of Aluminium Waste and Scrap in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.8 | 18.5 | 49.7 | 27.0 | 14.9% |
| Hong Kong SAR | 6.4 | 3.6 | 22.0 | 20.4 | 47.2% |
| South Korea | 3.7 | 4.3 | 17.7 | 19.1 | 72.8% |
| Singapore | 0.6 | 0.9 | 6.1 | 9.2 | 148.4% |
| Thailand | 3.8 | 4.3 | 14.3 | 5.1 | 10.3% |
| United Arab Emirates | N/A | 0.1 | N/A | 4.5 | 570.8% |
| Indonesia | 1.4 | 1.0 | 7.4 | 4.1 | 43.1% |
| United Kingdom | N/A | 0.7 | 11.2 | 2.8 | 100.0% |
| Malaysia | 1.1 | 1.5 | 4.2 | 2.3 | 27.9% |
| China | 2.1 | 3.5 | 1.9 | 1.6 | -8.7% |
| Australia | 14.3 | 0.3 | 0.5 | 0.6 | -65.3% |
| Pakistan | 1.1 | 0.9 | 1.6 | 0.4 | -28.6% |
| Others | 3.9 | 5.3 | 11.7 | 7.7 | 25.5% |
| Total | 56.2 | 44.9 | 148 | 105 | 23.2% |
Top Export Markets for Aluminium Waste and Scrap from New Zealand in 2022:
- India (13.3K tons)
- Hong Kong SAR (10.8K tons)
- Singapore (10.3K tons)
- South Korea (10.0K tons)
- United Arab Emirates (8.2K tons)
- Malaysia (3.2K tons)
- Indonesia (3.1K tons)
- United Kingdom (3.1K tons)
- Thailand (2.4K tons)
- China (0.7K tons)
- Australia (0.5K tons)
- Pakistan (0.3K tons)
Imports of Aluminium Waste and Scrap in New Zealand
Aluminium waste and scrap imports into New Zealand reduced to 2.7K tons in 2022, dropping by -9% compared with the previous year's figure. In general, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of 3K tons, and then shrank in the following year.
In value terms, aluminium waste and scrap imports fell to $4M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of $4.4M, and then shrank in the following year.
| Import of Aluminium Waste and Scrap in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3,396 | 2,543 | 3,995 | 3,287 | -1.1% |
| French Polynesia | 287 | 184 | 293 | 301 | 1.6% |
| Fiji | 75.0 | 67.9 | 118 | 219 | 42.9% |
| United Kingdom | 97.2 | 17.4 | 8.3 | 49.6 | -20.1% |
| Portugal | 52.5 | 40.4 | N/A | N/A | -23.0% |
| Others | 161 | 26.1 | 24.1 | 163 | 0.4% |
| Total | 4,068 | 2,879 | 4,438 | 4,019 | -0.4% |
Top Suppliers of Aluminium Waste and Scrap to New Zealand in 2022:
- Australia (1801.0 tons)
- French Polynesia (694.0 tons)
- Fiji (104.0 tons)
- United Kingdom (54.4 tons)
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