Stainless Steel Wire Price in New Zealand - 2023
Contents:
- Stainless Steel Wire Price in New Zealand (CIF) - 2022
- Stainless Steel Wire Price in New Zealand (FOB) - 2022
- Stainless Steel Wire Imports in New Zealand
- Stainless Steel Wire Exports in New Zealand
Stainless Steel Wire Price in New Zealand (CIF) - 2022
The average stainless steel wire import price stood at $8,710 per ton in 2022, picking up by 35% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel wire import price increased by +87.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($45,575 per ton), while the price for the United Arab Emirates ($4,095 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in New Zealand (FOB) - 2022
The average stainless steel wire export price stood at $8,221 per ton in 2022, surging by 47% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 348%. As a result, the export price reached the peak level of $10,456 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($22,522 per ton), while the average price for exports to Samoa ($3,189 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 France (+233.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in New Zealand
In 2022, approx. 360 tons of stainless steel wire were imported into New Zealand; falling by -11.1% against the year before. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year.
In value terms, stainless steel wire imports soared to $3.1M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel Wire in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 507 | 450 | 368 | 939 | 22.8% |
| India | 759 | 362 | 634 | 637 | -5.7% |
| South Korea | 411 | 297 | 421 | 412 | 0.1% |
| China | 290 | 126 | 315 | 321 | 3.4% |
| Australia | 96.8 | 76.7 | 174 | 137 | 12.3% |
| Indonesia | 0.3 | 0.4 | 107 | 106 | 607.0% |
| United Arab Emirates | 47.0 | 39.2 | N/A | 73.2 | 15.9% |
| Taiwan (Chinese) | 81.3 | 55.9 | 121 | 63.5 | -7.9% |
| Others | 445 | 352 | 463 | 446 | 0.1% |
| Total | 2,637 | 1,759 | 2,603 | 3,133 | 5.9% |
Top Suppliers of Stainless Steel Wire to New Zealand in 2022:
- India (114.0 tons)
- China (72.1 tons)
- South Korea (52.8 tons)
- Thailand (25.1 tons)
- Indonesia (22.7 tons)
- United Arab Emirates (17.9 tons)
- Australia (12.2 tons)
- Taiwan (Chinese) (8.8 tons)
Stainless Steel Wire Exports in New Zealand
In 2022, after three years of growth, there was significant decline in overseas shipments of stainless steel wire, when their volume decreased by -80.5% to 13 tons. In general, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 283% against the previous year.
In value terms, stainless steel wire exports shrank significantly to $106K in 2022. Over the period under review, exports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2020 when exports increased by 268%.
| Export of Stainless Steel Wire in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 28.3 | 73.0 | 43.7 | 50.3 | 21.1% |
| United States | 6.3 | 22.4 | 56.6 | 18.9 | 44.2% |
| France | N/A | N/A | 193 | 14.4 | -92.5% |
| Australia | 45.2 | 121 | 38.6 | 13.4 | -33.3% |
| United Arab Emirates | N/A | 64.2 | N/A | N/A | 0% |
| Uruguay | N/A | N/A | 18.5 | N/A | 0% |
| Others | 13.7 | 63.4 | 22.6 | 9.5 | -11.5% |
| Total | 93.4 | 344 | 373 | 106 | 4.3% |
Top Export Markets for Stainless Steel Wire from New Zealand in 2022:
- Fiji (7.5 tons)
- Australia (2.9 tons)
- United States (1.3 tons)
- France (0.6 tons)
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