Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $993 per ton, picking up by 3.9% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 9.8% against the previous month. Over the period under review, average import prices attained the peak figure at $1,058 per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Indonesia ($1,409 per ton), while the price for China stood at $923 per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+0.1%).
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $3,087 per ton in 2022, shrinking by -60.9% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 819%. The export price peaked at $7,899 per ton in 2021, and then declined dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +4,967.3% per year.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs were finally on the rise to reach 77K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $94M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.6 | 10.3 | 7.4 | 22.7 | 33.2% |
| Indonesia | 4.1 | 2.9 | 0.8 | 6.9 | 18.9% |
| Italy | 0.6 | 0.7 | 0.3 | 1.4 | 32.6% |
| Spain | N/A | 0.1 | 0.1 | 0.7 | 164.6% |
| Malaysia | 17.7 | 5.7 | N/A | N/A | -67.8% |
| Others | 9.7 | 11.5 | 18.7 | 61.9 | 85.5% |
| Total | 41.7 | 31.3 | 27.3 | 93.6 | 30.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Australia in 2022:
- China (19.4K tons)
- Indonesia (4.7K tons)
- Italy (0.8K tons)
- Spain (0.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia
For the third year in a row, Australia recorded decline in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, which decreased by -67.7% to 11 tons in 2022. Overall, exports faced a dramatic contraction. The smallest decline of -43% was in 2020.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs plummeted to $34K in 2022. In general, exports saw a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 101%. As a result, the exports reached the peak of $655K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 57.1 | 73.1 | 268 | 33.8 | -16.0% |
| Japan | 23.1 | 22.2 | N/A | N/A | -3.9% |
| China | 50.5 | 311 | N/A | N/A | 515.8% |
| Malaysia | 48.0 | 48.3 | N/A | N/A | 0.6% |
| Georgia | N/A | 167 | N/A | N/A | 0% |
| Brazil | 3.8 | 1.8 | N/A | N/A | -52.6% |
| Ghana | 103 | N/A | N/A | N/A | 0% |
| Others | 40.5 | 32.4 | 0.2 | N/A | -93.0% |
| Total | 326 | 655 | 268 | 33.8 | -53.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Australia in 2022:
- New Zealand (10.9 tons)
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