Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand - 2024

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $9,422 per ton in 2022, jumping by 28% against the previous year. Overall, the import price posted a prominent increase. The growth pace was the most rapid in 2021 an increase of 94% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($26,767 per ton), while the price for Taiwan (Chinese) ($1,641 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $6,751 per ton, rising by 5.1% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +103.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,796 per ton in 2016; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($7,756 per ton), while the average price for exports to Fiji totaled $6,707 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand

In 2022, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s into New Zealand reduced notably to 57 tons, with a decrease of -41.4% against the year before. Over the period under review, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 87%.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s reduced markedly to $534K in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 263% against the previous year. As a result, imports attained the peak of $714K, and then reduced remarkably in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to New Zealand in 2022:

1. China (46.9 tons)
2. Australia (3.0 tons)
3. Hong Kong SAR (2.7 tons)
4. United States (1.9 tons)
5. South Korea (1.1 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in New Zealand

In 2022, approx. 22 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were exported from New Zealand; rising by 149% against the year before. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $148K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from New Zealand in 2022:

1. Fiji (21.1 tons)
2. Samoa (0.6 tons)