Australia and Oceania: Aluminium Tube Market 2023

Aluminium Tube Market Size in Australia and Oceania

The aluminium tube market in Australia and Oceania fell sharply to $X in 2021, reducing by -30.6% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Australia and Oceania

In value terms, aluminium tube production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decline. The growth pace was the most rapid in 2020 when the production volume increased by 1,727% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Aluminium Tube Exports

Exports in Australia and Oceania

In 2021, the amount of aluminium tubes and pipes exported in Australia and Oceania dropped significantly to X tons, shrinking by -47.4% against the previous year's figure. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 279%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, aluminium tube exports dropped remarkably to $X in 2021. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 307%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the major exporter of aluminium tubes and pipes, creating 90% of total exports. It was distantly followed by New Zealand (X tons), comprising a 10% share of total exports.

Exports from Australia increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, New Zealand (+11.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +11.5% from 2012-2021. New Zealand (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest aluminium tube supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -5.5%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, reducing by -13.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 152% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.5%).

Aluminium Tube Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in overseas purchases of aluminium tubes and pipes, when their volume decreased by -10.1% to X tons. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 112% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, aluminium tube imports skyrocketed to $X in 2021. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 229%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

New Zealand represented the key importing country with an import of around X tons, which resulted at 57% of total imports. It was distantly followed by Australia (X tons), committing a 31% share of total imports. The following importers - Palau (X tons) and Tonga (X tons) - together made up 5.5% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Palau (with a CAGR of +47.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, New Zealand ($X) constitutes the largest market for imported aluminium tubes and pipes in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was held by Australia ($X), with a 25% share of total imports. It was followed by Palau, with a 3% share.

In New Zealand, aluminium tube imports plunged by an average annual rate of -1.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Australia (-10.0% per year) and Palau (+47.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 when the import price increased by 55% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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