Australia and Oceania: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Australia and Oceania

The non-malleable cast iron articles market in Australia and Oceania soared to $X in 2022, with an increase of X% against the previous year. In general, consumption saw strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Articles Of Non-Malleable Cast Iron in Australia and Oceania

In value terms, non-malleable cast iron articles production stood at $X in 2022 estimated in export price. In general, production, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2021 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Australia and Oceania

In 2022, approx. X tons of articles of non-malleable cast iron were exported in Australia and Oceania; shrinking by X% on the previous year's figure. In general, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports declined rapidly to $X in 2022. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together comprising X% of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Fiji (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest non-malleable cast iron articles supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), with a combined X% share of total exports.

Among the main exporting countries, Fiji, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a noticeable downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Australia and Oceania

In 2022, purchases abroad of articles of non-malleable cast iron increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-malleable cast iron articles imports soared to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by New Zealand (X tons), making up a X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the articles of non-malleable cast iron imports, with a CAGR of X% from 2012 to 2022. At the same time, New Caledonia (X%) and New Zealand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported articles of non-malleable cast iron in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, non-malleable cast iron articles imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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