Australia - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in Australia - 2023
Contents:
- Flat-Rolled Steel Products Price in Australia (CIF) - 2023
- Flat-Rolled Steel Products Price in Australia (FOB) - 2022
- Flat-Rolled Steel Products Imports in Australia
- Flat-Rolled Steel Products Exports in Australia
Flat-Rolled Steel Products Price in Australia (CIF) - 2023
The average flat-rolled steel products import price stood at $1,432 per ton in July 2023, shrinking by -1.6% against the previous month. Overall, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 12% m-o-m. The import price peaked at $1,867 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Taiwan (Chinese) ($1,936 per ton) and Malaysia ($1,817 per ton), while the price for China ($1,309 per ton) and France ($1,378 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 Georgia (0.0%), while the prices for the other major suppliers experienced a decline.
Flat-Rolled Steel Products Price in Australia (FOB) - 2022
The average flat-rolled steel products export price stood at $1,757 per ton in 2022, picking up by 7.3% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flat-rolled steel products export price increased by +17.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. As a result, the export price attained the peak level of $1,796 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($2,368 per ton), while the average price for exports to Sri Lanka ($720 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 India (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Flat-Rolled Steel Products Imports in Australia
In 2022, the amount of flat-rolled products of iron or non-alloy steel imported into Australia rose significantly to 95K tons, picking up by 12% against 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, flat-rolled steel products imports surged to $164M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Flat-Rolled Steel Products in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.0 | 17.6 | 39.3 | 58.2 | 45.2% |
| Japan | 20.9 | 22.2 | 18.5 | 29.8 | 12.6% |
| Germany | 20.1 | 16.7 | 18.1 | 26.7 | 9.9% |
| South Korea | 8.9 | 8.4 | 15.5 | 20.1 | 31.2% |
| Taiwan (Chinese) | 7.3 | 10.1 | 11.9 | 19.7 | 39.2% |
| France | 6.3 | 0.9 | 2.4 | 4.7 | -9.3% |
| Spain | 4.4 | 2.0 | N/A | N/A | -54.5% |
| Others | 3.9 | 2.8 | 2.7 | 4.6 | 5.7% |
| Total | 90.8 | 80.7 | 109 | 164 | 21.8% |
Top Suppliers of Flat-Rolled Steel Products to Australia in 2022:
- China (29.3K tons)
- Japan (19.9K tons)
- Germany (19.1K tons)
- Taiwan (Chinese) (10.4K tons)
- South Korea (10.2K tons)
- France (3.3K tons)
Flat-Rolled Steel Products Exports in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of flat-rolled products of iron or non-alloy steel, which decreased by -8.7% to 3.9K tons in 2022. In general, exports showed a abrupt decline.
In value terms, flat-rolled steel products exports shrank slightly to $6.9M in 2022. Over the period under review, exports recorded a abrupt decrease.
| Export of Flat-Rolled Steel Products in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.6 | 4.9 | 2.1 | 4.7 | -18.2% |
| India | 1.7 | 1.3 | 2.0 | 1.4 | -6.3% |
| Papua New Guinea | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Sri Lanka | 0.1 | N/A | 0.6 | 0.1 | 0.0% |
| Spain | N/A | 1.6 | N/A | N/A | 0% |
| Others | 0.5 | 0.4 | 2.2 | 0.5 | 0.0% |
| Total | 11.1 | 8.4 | 7.1 | 6.9 | -14.7% |
Top Export Markets for Flat-Rolled Steel Products from Australia in 2022:
- New Zealand (1990.4 tons)
- India (1584.1 tons)
- Sri Lanka (141.8 tons)
- Papua New Guinea (138.8 tons)
This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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