Report Update: May 1, 2024

Australia - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Welded and Cold-Formed Steel Sections in Australia - 2023

Price for Welded and Cold-Formed Steel Sections in Australia (CIF) - 2023

The average import price for welded and cold-formed sections of steel stood at $4,586 per ton in August 2023, declining by -98.2% against the previous month. Over the period under review, the import price, however, showed a mild expansion. The pace of growth was the most pronounced in June 2023 an increase of 821% m-o-m. The import price peaked at $257K per ton in July 2023, and then contracted significantly in the following month.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from India ($4,586 per ton) and the United States ($4,586 per ton), while the price for China ($4,586 per ton) and the UK ($4,586 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Welded and Cold-Formed Steel Sections in Australia (FOB) - 2022

The average export price for welded and cold-formed sections of steel stood at $2,044 per ton in 2022, dropping by -36.6% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 665%. As a result, the export price reached the peak level of $6,572 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($4,807 per ton), while the average price for exports to Canada ($1,246 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 New Zealand (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Welded and Cold-Formed Steel Sections in Australia

In 2022, purchases abroad of welded and cold-formed sections of steel decreased by -32.3% to 1.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of 4.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, welded and cold-formed steel sections imports reduced notably to $6.8M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Welded and Cold-Formed Steel Sections in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.8	6.2	8.2	4.9	-14.4%
United States	2.1	0.4	0.1	0.5	-38.0%
India	N/A	0.3	0.2	0.5	29.1%
United Kingdom	0.1	0.1	N/A	0.5	71.0%
Japan	0.2	0.1	0.2	0.1	-20.6%
Indonesia	0.1	4.8	N/A	N/A	4700.0%
Others	0.2	1.6	0.4	0.2	0.0%
Total	10.5	13.5	9.1	6.8	-13.5%

Top Suppliers of Welded and Cold-Formed Steel Sections to Australia in 2022:

China (1300.0 tons)
India (143.3 tons)
United Kingdom (135.8 tons)
United States (129.5 tons)
Japan (27.0 tons)

Exports of Welded and Cold-Formed Steel Sections in Australia

In 2022, exports of welded and cold-formed sections of steel from Australia declined notably to 122 tons, waning by -41.9% compared with 2021. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year.

In value terms, welded and cold-formed steel sections exports contracted markedly to $250K in 2022. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year.

Export of Welded and Cold-Formed Steel Sections in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	6.8	68.9	110	93.8	139.8%
South Africa	N/A	N/A	N/A	41.2	0%
New Zealand	133	43.8	263	34.2	-36.4%
Canada	N/A	N/A	8.9	25.8	189.9%
Malaysia	1,390	18.7	15.9	14.8	-78.0%
United States	318	N/A	87.2	11.6	-66.8%
Papua New Guinea	42.7	32.3	117	8.5	-41.6%
Thailand	24.4	6.3	N/A	N/A	-74.2%
Belgium	45.5	N/A	N/A	N/A	0%
Peru	232	N/A	N/A	N/A	0%
Singapore	983	149	50.8	N/A	-77.3%
Saudi Arabia	98.5	N/A	N/A	N/A	0%
Others	60.6	35.5	25.2	19.7	-31.2%
Total	3,334	354	678	250	-57.8%

Top Export Markets for Welded and Cold-Formed Steel Sections from Australia in 2022:

Indonesia (73.8 tons)
Canada (20.7 tons)
New Zealand (9.5 tons)
South Africa (8.6 tons)
Papua New Guinea (4.5 tons)
Malaysia (1.0 tons)
United States (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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.

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