Australia and Oceania: Cold Metal-Rolling Mill Market 2024

Cold Metal-Rolling Mill Market Size in Australia and Oceania

In 2023, after five years of growth, there was significant decline in the cold metal-rolling mill market in Australia and Oceania, when its value decreased by X% to $X. Overall, consumption, however, recorded a prominent expansion. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Cold Metal-Rolling Mill Production in Australia and Oceania

In value terms, cold metal-rolling mill production reached $X in 2023 estimated in export price. Overall, production enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Cold Metal-Rolling Mill Exports

Exports in Australia and Oceania

In 2023, overseas shipments of cold metal-rolling mills increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, cold metal-rolling mill exports skyrocketed to $X in 2023. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

In 2023, New Zealand (X units) represented the main exporter of cold metal-rolling mills, comprising X% of total exports. It was distantly followed by Australia (X units), generating a X% share of total exports.

New Zealand was also the fastest-growing in terms of the cold metal-rolling mills exports, with a CAGR of X% from 2012 to 2023. At the same time, Australia (X%) displayed positive paces of growth. From 2012 to 2023, the share of New Zealand increased by X percentage points.

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

In New Zealand, cold metal-rolling mill exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, jumping by X% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Cold Metal-Rolling Mill Imports

Imports in Australia and Oceania

Cold metal-rolling mill imports rose notably to X units in 2023, picking up by X% on 2022 figures. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, cold metal-rolling mill imports contracted to $X in 2023. Over the period under review, imports saw a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Australia (X units) was the largest importer of cold metal-rolling mills, achieving X% of total imports. Vanuatu (X units) ranks second in terms of the total imports with a X% share, followed by New Zealand (X%). Fiji (X units), French Polynesia (X units), Solomon Islands (X units), New Caledonia (X units), Marshall Islands (X units), Palau (X units), Papua New Guinea (X units), Tonga (X units) and Wallis and Futuna Islands (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vanuatu (X%), New Zealand (X%) and Fiji (X%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. French Polynesia, Marshall Islands, Palau, Wallis and Futuna Islands, Tonga, Solomon Islands and New Caledonia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vanuatu, Australia and New Zealand increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, cold metal-rolling mill imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per unit, declining by X% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Palau ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by French Polynesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform