Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $3,691 per ton, increasing by 39% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +80.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($5,019 per ton), while the price for China ($3,607 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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand
After three years of growth, purchases abroad of steel, alloy decreased by -52.8% to 1.2K tons in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of 2.5K tons, and then contracted remarkably in the following year.
In value terms, imports of steel, alloy dropped rapidly to $4.3M in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 97%. As a result, imports attained the peak of $6.6M, and then fell rapidly in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.6 | 2.8 | 5.0 | 3.8 | 85.0% |
| China | N/A | 0.2 | 1.1 | 0.4 | 41.4% |
| South Korea | 2.5 | 0.2 | 0.4 | 0.1 | -65.8% |
| Japan | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.4 | 3.3 | 6.6 | 4.3 | 8.1% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to New Zealand in 2022:
- Singapore (1027.8 tons)
- China (110.9 tons)
- South Korea (25.3 tons)
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