Price for Railway or Tramway Track Constructions of Iron or Steel in New Zealand - 2024

Contents:

  1. Price for Railway or Tramway Track Constructions of Iron or Steel in New Zealand (CIF) - 2022
  2. Price for Railway or Tramway Track Constructions of Iron or Steel in New Zealand (FOB) - 2022
  3. Imports of Railway or Tramway Track Constructions of Iron or Steel in New Zealand
  4. Exports of Railway or Tramway Track Constructions of Iron or Steel in New Zealand

Price for Railway or Tramway Track Constructions of Iron or Steel in New Zealand (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $4,386 per ton, rising by 41% against the previous year. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,144 per ton), while the price for Australia amounted to $2,780 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%).

Price for Railway or Tramway Track Constructions of Iron or Steel in New Zealand (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $6,596 per ton, jumping by 527% against the previous year. In general, the export price saw a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($14,319 per ton), while the average price for exports to Niue ($485 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 (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway or Tramway Track Constructions of Iron or Steel in New Zealand

In 2022, the amount of railway or tramway track constructions of iron or steel imported into New Zealand fell remarkably to 5.4K tons, which is down by -49.4% on 2021 figures. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of 11K tons, and then shrank rapidly in the following year.

In value terms, imports of railway or tramway track constructions of iron or steel shrank rapidly to $24M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 121%. As a result, imports reached the peak of $33M, and then fell remarkably in the following year.

Import of Railway or Tramway Track Constructions of Iron or Steel in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.68.520.214.514.7%
Australia3.35.79.06.726.6%
Others0.20.94.12.4128.9%
Total13.115.033.223.721.9%

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to New Zealand in 2022:

  1. China (2.8K tons)
  2. Australia (2.4K tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in New Zealand

After three years of growth, shipments abroad of railway or tramway track constructions of iron or steel decreased by -57.4% to 44 tons in 2022. Over the period under review, exports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year.

In value terms, exports of railway or tramway track constructions of iron or steel soared to $290K in 2022. Overall, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Railway or Tramway Track Constructions of Iron or Steel in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/AN/AN/A2440%
Australia39.377.410438.5-0.7%
NiueN/AN/AN/A2.60%
Samoa18.14.8N/A0.3-74.5%
Others3.28.74.55.519.8%
Total60.690.910929068.5%

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from New Zealand in 2022:

  1. Australia (21.1 tons)
  2. Indonesia (17.0 tons)
  3. Niue (5.3 tons)

Source: IndexBox Market Intelligence Platform

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