Australia and Oceania: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Australia and Oceania

The base metal flexible tubing market in Australia and Oceania declined notably to $X in 2022, which is down by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Production of Base Metal Flexible Tubing, Iron Or Steel in Australia and Oceania

In value terms, base metal flexible tubing production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with a decrease of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in overseas shipments of base metal flexible tubing, iron or steel, when their volume increased by X% to X tons. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2022. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) was the largest exporter of base metal flexible tubing, iron or steel, mixing up X% of total exports. It was distantly followed by New Zealand (X tons), making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the export price increased by X%. 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 Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Australia and Oceania

In 2022, imports of base metal flexible tubing, iron or steel in Australia and Oceania expanded notably to X tons, picking up by X% compared with 2021. Total imports indicated prominent growth from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, base metal flexible tubing imports amounted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Australia was the largest importing country with an import of around X tons, which reached X% of total imports. New Zealand (X tons) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%). Marshall Islands (X tons), New Caledonia (X tons) and Fiji (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Marshall Islands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Marshall Islands ($X), together accounting for X% of total imports.

Among the main importing countries, Marshall Islands, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Marshall Islands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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