Australia - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Australia - 2023
Contents:
- Price for Steel and Iron Articles in Australia (CIF) - 2022
- Price for Steel and Iron Articles in Australia (FOB) - 2022
- Imports of Steel and Iron Articles in Australia
- Exports of Steel and Iron Articles in Australia
Price for Steel and Iron Articles in Australia (CIF) - 2022
In 2022, the average steel and iron articles import price amounted to $5,235 per ton, declining by -21.9% against the previous year. Overall, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. The import price peaked at $6,699 per ton in 2021, and then fell significantly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($5,434 per ton) and Indonesia ($5,267 per ton), while the price for Malaysia ($4,699 per ton) and the UK ($4,713 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel and Iron Articles in Australia (FOB) - 2022
The average steel and iron articles export price stood at $8,585 per ton in 2022, picking up by 29% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($8,585 per ton) and Cote d'Ivoire ($8,585 per ton), while the average price for exports to Indonesia ($8,585 per ton) and Singapore ($8,585 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 Indonesia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel and Iron Articles in Australia
In 2022, the amount of articles of iron or steel imported into Australia skyrocketed to 170K tons, with an increase of 43% on 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 +73.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel and iron articles imports expanded remarkably to $891M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +44.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Steel and Iron Articles in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 361 | 366 | 489 | 577 | 16.9% |
| United States | 51.9 | 52.2 | 51.3 | 59.3 | 4.5% |
| Germany | 29.1 | 27.1 | 28.6 | 30.8 | 1.9% |
| United Kingdom | 15.8 | 22.4 | 25.4 | 24.0 | 15.0% |
| Taiwan (Chinese) | 15.9 | 15.6 | 18.1 | 20.2 | 8.3% |
| Malaysia | 14.4 | 11.8 | 11.1 | 17.5 | 6.7% |
| India | 16.2 | 11.4 | 14.5 | 17.4 | 2.4% |
| Sweden | 14.0 | 12.8 | 16.6 | 15.1 | 2.6% |
| Vietnam | 6.3 | 6.8 | 10.8 | 14.9 | 33.2% |
| Thailand | 6.3 | 5.4 | 7.8 | 12.7 | 26.3% |
| Others | 84.6 | 95.6 | 122 | 102 | 6.4% |
| Total | 616 | 627 | 795 | 891 | 13.1% |
Top Suppliers of Steel and Iron Articles to Australia in 2022:
- China (106.1K tons)
- United States (12.2K tons)
- Germany (6.3K tons)
- United Kingdom (5.1K tons)
- Taiwan (Chinese) (4.0K tons)
- Malaysia (3.7K tons)
- India (3.4K tons)
- Sweden (3.1K tons)
- Vietnam (2.9K tons)
- Thailand (2.6K tons)
Exports of Steel and Iron Articles in Australia
After three years of growth, shipments abroad of articles of iron or steel decreased by -22.9% to 13K tons in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 17K tons, and then shrank rapidly in the following year.
In value terms, steel and iron articles exports contracted to $115M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $115M, leveling off in the following year.
| Export of Steel and Iron Articles in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 19.0 | 21.2 | 31.2 | 26.8 | 12.1% |
| United States | 9.0 | 10.2 | 17.4 | 16.1 | 21.4% |
| China | 14.2 | 17.8 | 12.7 | 15.1 | 2.1% |
| Papua New Guinea | 12.9 | 16.8 | 11.7 | 6.5 | -20.4% |
| Indonesia | 3.9 | 1.0 | 2.1 | 4.4 | 4.1% |
| Vietnam | 0.8 | 4.3 | 0.5 | 3.7 | 66.6% |
| Japan | 1.1 | 1.1 | 2.6 | 3.4 | 45.7% |
| Malaysia | 2.1 | 3.7 | 3.4 | 3.3 | 16.3% |
| Singapore | 3.6 | 3.9 | 5.1 | 3.0 | -5.9% |
| Thailand | 2.3 | 2.3 | 2.4 | 2.9 | 8.0% |
| Saudi Arabia | 0.3 | 0.1 | 0.8 | 2.8 | 110.5% |
| United Kingdom | 2.7 | 2.0 | 1.4 | 2.3 | -5.2% |
| Cote d'Ivoire | 0.7 | 0.3 | 1.1 | 2.3 | 48.7% |
| Others | 21.9 | 18.2 | 23.0 | 22.1 | 0.3% |
| Total | 94.4 | 103 | 115 | 115 | 6.8% |
Top Export Markets for Steel and Iron Articles from Australia in 2022:
- New Zealand (3125.9 tons)
- United States (1880.0 tons)
- China (1763.6 tons)
- Papua New Guinea (751.5 tons)
- Indonesia (507.6 tons)
- Vietnam (435.8 tons)
- Japan (395.1 tons)
- Malaysia (383.4 tons)
- Singapore (349.9 tons)
- Thailand (342.2 tons)
- Saudi Arabia (329.8 tons)
- Cote d'Ivoire (266.8 tons)
- United Kingdom (262.8 tons)
This report provides an in-depth analysis of the market for steel and iron articles 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 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
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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