Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $12,846 per ton in 2022, falling by -9.6% against the previous year. Over the period under review, the import price, however, saw temperate growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum at $14,203 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($12,846 per ton) and Taiwan (Chinese) ($12,846 per ton), while the price for Italy ($12,845 per ton) and China ($12,845 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $15,618 per ton, surging by 49% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the maximum at $17,778 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($37,761 per ton), while the average price for exports to Thailand ($3,190 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 the United States (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia
In 2022, approx. 1.1K tons of iron or steel; non-threaded cotters and cotter-pinses were imported into Australia; picking up by 33% against 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $14M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.6 | 2.3 | 5.7 | 37.3% |
| United States | 4.3 | 4.0 | 5.5 | 4.2 | -0.8% |
| Italy | 0.7 | 0.4 | 1.2 | 1.0 | 12.6% |
| Germany | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Japan | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Canada | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| United Kingdom | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | 1.2 | 1.0 | 1.2 | 1.6 | 10.1% |
| Total | 9.3 | 8.8 | 11.3 | 13.6 | 13.5% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Australia in 2022:
- China (440.6 tons)
- United States (325.5 tons)
- Italy (77.4 tons)
- Germany (32.7 tons)
- Japan (21.7 tons)
- Canada (17.5 tons)
- United Kingdom (15.8 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia
In 2022, approx. 55 tons of iron or steel; non-threaded cotters and cotter-pinses were exported from Australia; which is down by -51.5% against the year before. Overall, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 163% against the previous year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses contracted notably to $855K in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 100%.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 59.0 | 13.6 | 124 | 182 | 45.6% |
| New Zealand | 97.4 | 98.2 | 433 | 174 | 21.3% |
| China | 705 | 79.0 | 194 | 126 | -43.7% |
| Indonesia | 89.6 | 55.1 | 187 | 110 | 7.1% |
| Singapore | 14.7 | 24.9 | 78.2 | 37.4 | 36.5% |
| Cambodia | N/A | N/A | N/A | 31.7 | 0% |
| United States | 126 | 84.1 | 19.7 | 31.5 | -37.0% |
| Thailand | 9.4 | 16.8 | 7.6 | 24.1 | 36.9% |
| France | 123 | 27.3 | 0.6 | 0.3 | -86.5% |
| Tanzania | 12.2 | 6.3 | 2.0 | N/A | -59.5% |
| Others | 270 | 184 | 134 | 137 | -20.2% |
| Total | 1,506 | 590 | 1,180 | 855 | -17.2% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Australia in 2022:
- New Zealand (16.9 tons)
- China (8.7 tons)
- Thailand (7.5 tons)
- Indonesia (4.9 tons)
- Papua New Guinea (4.8 tons)
- Cambodia (4.5 tons)
- Singapore (1.9 tons)
- United States (1.2 tons)
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