Australia: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Australia

The Australian market for aluminium casks, drums, cans, boxes and similar containers expanded significantly to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Australia

In value terms, production of aluminium casks, drums, cans, boxes and similar containers reached $X in 2022 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Australia

In 2022, the amount of aluminium casks, drums, cans, boxes and similar containers exported from Australia reduced markedly to X units, waning by X% against 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then fell markedly in the following year.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers reduced dramatically to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

New Zealand (X units) was the main destination for exports of aluminium casks, drums, cans, boxes and similar containers from Australia, with a X% share of total exports. Moreover, exports of aluminium casks, drums, cans, boxes and similar containers to New Zealand exceeded the volume sent to the second major destination, Thailand (X units), sixfold. Papua New Guinea (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Papua New Guinea (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for aluminium casks, drums, cans, boxes and similar containers exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Papua New Guinea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Australia

In 2022, supplies from abroad of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports showed strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X units), China (X units) and Austria (X units) were the main suppliers of imports of aluminium casks, drums, cans, boxes and similar containers to Australia, together accounting for X% of total imports. The United States, Italy, Vietnam, the UK, the United Arab Emirates, Switzerland and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and Austria ($X) were the largest aluminium cask, drum, can, box and similar container suppliers to Australia, with a combined X% share of total imports. The United Arab Emirates, the United States, Italy, Vietnam, the UK, Switzerland and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium casks, drums, cans, boxes and similar containers increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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