Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand (CIF) - 2024

In January 2024, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,520 per ton, rising by 8.7% against the previous month. Overall, import price indicated tangible growth from February 2023 to January 2024: its price increased at an average monthly rate of +2.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for alloy steel flat-rolled products, of a width 600mm or mores decreased by -20.7% against November 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 83% m-o-m. As a result, import price attained the peak level of $2,062 per ton. From April 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,822 per ton), while the price for Taiwan (Chinese) ($1,134 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $880 per ton in 2022, declining by -30.2% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,984 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($2,308 per ton), while the average price for exports to Australia ($793 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 Tonga (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand

For the fourth consecutive year, New Zealand recorded growth in purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores, which increased by 52% to 32K tons in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $56M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 192%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to New Zealand in 2022:

1. South Korea (30.3K tons)
2. China (0.4K tons)
3. Taiwan (Chinese) (0.4K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in New Zealand

In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from New Zealand fell markedly to 446 tons, declining by -31.3% on 2021 figures. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 3,335% against the previous year. As a result, the exports attained the peak of 649 tons, and then fell dramatically in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores contracted notably to $392K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,613% against the previous year. As a result, the exports attained the peak of $818K, and then fell remarkably in the following year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from New Zealand in 2022:

1. Australia (415.7 tons)
2. Tonga (22.0 tons)
3. Fiji (2.5 tons)

Source: IndexBox Market Intelligence Platform