Australia and Oceania: Base Metal Hook Market 2024

Base Metal Hook Market Size in Australia and Oceania

The base metal hook market in Australia and Oceania shrank sharply to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Base Metal Hook Production in Australia and Oceania

In value terms, base metal hook production declined sharply to $X in 2022 estimated in export price. Overall, production saw a slight reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Base Metal Hook Exports

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in shipments abroad of base metal hooks, eyes and eyelets, which increased by X% to X tons in 2022. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hook exports soared to $X in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. New Zealand (X tons) took a minor share of total exports.

Australia was also the fastest-growing in terms of the base metal hooks, eyes and eyelets exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In Australia, base metal hook exports expanded at an average annual rate of X% over the period from 2012-2022.

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. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 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 stood at $X per ton.

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

Base Metal Hook Imports

Imports in Australia and Oceania

In 2022, the amount of base metal hooks, eyes and eyelets imported in Australia and Oceania fell to X tons, dropping by X% on the previous year's figure. In general, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal hook imports contracted remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Australia represented the main importer of base metal hooks, eyes and eyelets in Australia and Oceania, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Papua New Guinea (X tons) took the second position in the ranking, followed by New Zealand (X tons), Fiji (X tons), New Caledonia (X tons) and Solomon Islands (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to base metal hook imports into Australia stood at X%. At the same time, New Caledonia (X%), Fiji (X%), Solomon Islands (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. While the share of New Caledonia (X p.p.), Fiji (X p.p.), Papua New Guinea (X p.p.) and Solomon Islands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, base metal hook imports increased 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 Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated temperate growth 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. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Solomon Islands ($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 mixed trends in the import price figures.

Source: IndexBox Platform