Report Update: May 1, 2024

Australia - Base Metal Hinges - Market Analysis, Forecast, Size, Trends And Insights

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Base Metal Hinge Price in Australia - 2023

Base Metal Hinge Price in Australia (CIF) - 2023

In July 2023, the average base metal hinge import price amounted to $12,424 per ton, rising by 43% against the previous month. Overall, import price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, base metal hinge import price increased by +43.3% against May 2023 indices. The growth pace was the most rapid in April 2023 an increase of 84% m-o-m. As a result, import price attained the peak level of $16,022 per ton. From May 2023 to July 2023, the average 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 Slovenia ($9,202 per ton) and the United States ($9,202 per ton), while the price for China ($9,202 per ton) and the UK ($9,202 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 Slovenia (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Base Metal Hinge Price in Australia (FOB) - 2022

In 2022, the average base metal hinge export price amounted to $10,116 per ton, growing by 24% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 27%. As a result, the export price attained the peak level of $15,911 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($10,098 per ton) and the United States ($10,098 per ton), while the average price for exports to Singapore ($10,098 per ton) and New Zealand ($10,098 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Hinge Imports in Australia

In 2022, imports of base metal hinges into Australia fell slightly to 11K tons, approximately equating 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 +43.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of 11K tons, leveling off in the following year.

In value terms, base metal hinge imports dropped modestly to $99M 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 +12.9% 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 +43.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $99M, leveling off in the following year.

Import of Base Metal Hinge in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	27.4	28.5	35.8	41.4	14.7%
Austria	17.5	19.7	27.4	23.6	10.5%
Germany	8.1	7.8	13.0	12.8	16.5%
Italy	4.0	4.8	8.0	4.7	5.5%
United States	4.0	2.9	4.0	3.9	-0.8%
Slovenia	0.7	0.7	1.3	2.3	48.7%
India	0.8	0.6	1.6	1.9	33.4%
Others	6.0	6.3	7.9	8.2	11.0%
Total	68.6	71.3	98.9	98.6	12.9%

Top Suppliers of Base Metal Hinge to Australia in 2022:

China (4.8K tons)
Austria (2.7K tons)
Germany (1.5K tons)
Italy (0.5K tons)
United States (0.4K tons)
Slovenia (0.3K tons)
India (0.2K tons)

Base Metal Hinge Exports in Australia

Base metal hinge exports from Australia skyrocketed to 595 tons in 2022, picking up by 55% against 2021 figures. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, base metal hinge exports surged to $6M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Base Metal Hinge in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	1,083	953	1,435	2,935	39.4%
China	94.1	46.6	59.4	1,195	133.3%
United States	170	133	223	724	62.1%
Malaysia	105	95.4	126	208	25.6%
Singapore	43.3	28.3	300	121	40.9%
Thailand	91.1	69.7	92.7	112	7.1%
Papua New Guinea	92.3	54.2	104	96.3	1.4%
Indonesia	360	89.4	132	71.1	-41.8%
United Kingdom	233	117	2.6	17.6	-57.7%
Italy	737	4.7	N/A	5.0	-81.1%
Others	430	435	656	532	7.4%
Total	3,438	2,027	3,131	6,016	20.5%

Top Export Markets for Base Metal Hinge from Australia in 2022:

New Zealand (290.6 tons)
China (118.3 tons)
United States (71.7 tons)
Malaysia (20.6 tons)
Singapore (12.0 tons)
Thailand (11.1 tons)
Papua New Guinea (9.5 tons)
Indonesia (7.0 tons)
United Kingdom (1.7 tons)
Italy (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the base metal hinge market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721410 - Base metal hinges

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023