Price for Steel, Stainless; Ingots and Other Primary Forms in New Zealand - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in New Zealand (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in New Zealand
Price for Steel, Stainless; Ingots and Other Primary Forms in New Zealand (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $7,496 per ton in 2022, with an increase of 33% against the previous year. Over the period under review, the import price posted a perceptible increase. The pace of growth appeared the most rapid in 2018 an increase of 109% against the previous year. As a result, import price reached the peak level of $11,358 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 the UK amounted to +24.1% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in New Zealand
In 2022, approx. 64 tons of steel, stainless; ingots and other primary formses were imported into New Zealand; jumping by 34% against the previous year. In general, imports, however, saw a noticeable reduction.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $483K in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value 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.
| Import of Steel, Stainless; Ingots and Other Primary Forms in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 419 | 355 | 239 | 483 | 4.9% |
| Taiwan (Chinese) | 2.1 | 2.9 | 2.6 | N/A | 11.3% |
| Others | 7.1 | 6.0 | 30.4 | N/A | 106.9% |
| Total | 428 | 364 | 272 | 483 | 4.1% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to New Zealand in 2022:
- United States (64.4 tons)
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