Price for Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand (CIF) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand (CIF) - 2023

In July 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $23,910 per ton, jumping by 37% against the previous month. In general, the import price enjoyed a perceptible increase. The pace of growth appeared the most rapid in January 2023 an increase of 110% m-o-m. The import price peaked at $58,186 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Italy ($16,464 per ton) and China ($15,950 per ton), while the price for France ($13,291 per ton) and Australia ($14,750 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $41,085 per ton in 2022, growing by 32% against the previous year. Overall, the export price showed measured growth. The most prominent rate of growth was recorded in 2013 an increase of 80%. The export price peaked at $69,338 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($40,939 per ton), while the average price for exports to Germany ($40,633 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 South Korea (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand

In 2022, imports of tubing; flexible, with or without fittings, of base metals into New Zealand expanded rapidly to 379 tons, picking up by 5.3% on 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $6.5M in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 79%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to New Zealand in 2022:

1. China (203.7 tons)
2. Australia (65.4 tons)
3. United States (32.1 tons)
4. United Kingdom (18.1 tons)
5. India (13.7 tons)
6. Italy (8.0 tons)
7. South Korea (3.4 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in New Zealand

In 2022, the amount of tubing; flexible, with or without fittings, of base metals exported from New Zealand rose significantly to 9.4 tons, increasing by 7.2% against the previous year. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $388K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 91% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from New Zealand in 2022:

1. South Korea (4.8 tons)
2. Australia (4.3 tons)

Source: IndexBox Market Intelligence Platform