Price for Steel Alloy Wire of Silico-Manganese Steel in Australia - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Australia (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Australia (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Australia
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Australia
Price for Steel Alloy Wire of Silico-Manganese Steel in Australia (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $1,037 per ton, falling by -25.8% against the previous month. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in December 2023 an increase of 29% m-o-m. As a result, import price reached the peak level of $1,398 per ton, and then shrank significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,216 per ton), while the price for China ($995 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in Australia (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $6,422 per ton in 2022, with a decrease of -43.4% against the previous year. Over the period under review, the export price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,226% against the previous year. Over the period under review, the average export prices hit record highs at $11,893 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 France amounted to +244.3% per year.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Australia
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by -15.8% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports attained the peak of 13K tons, and then shrank sharply in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels shrank to $15M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of $18M, and then fell in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 8.0 | 12.2 | 7.8 | -0.4% |
| Vietnam | 0.5 | 0.7 | 2.4 | 4.9 | 114.0% |
| Italy | 1.4 | 1.6 | 1.6 | 2.0 | 12.6% |
| South Korea | 0.9 | 1.3 | 1.2 | 0.5 | -17.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 10.8 | 11.7 | 17.5 | 15.4 | 12.6% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Australia in 2022:
- China (5.8K tons)
- Vietnam (3.4K tons)
- Italy (0.9K tons)
- South Korea (0.3K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Australia
In 2022, overseas shipments of steel alloy wire of silico-manganese steels increased by 75% to 3.6 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a significant contraction.
In value terms, exports of steel alloy wire of silico-manganese steels dropped to $23K in 2022. In general, exports, however, showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 134%.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 54.8 | 6.7 | 13.8 | 22.0 | -26.2% |
| Papua New Guinea | 4.2 | N/A | N/A | N/A | 0% |
| Malaysia | 7.8 | 3.3 | N/A | N/A | -57.7% |
| Others | 0.1 | N/A | 9.4 | 0.8 | 100.0% |
| Total | 67.0 | 9.9 | 23.2 | 22.9 | -30.1% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Australia in 2022:
- New Zealand (3.5 tons)
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