Australia and Oceania: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Australia and Oceania

The market for raw steel and steel semi-finished products in Australia and Oceania declined slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Australia and Oceania

In value terms, production of raw steel and steel semi-finished products reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Raw Steel And Steel Semi-Finished Products

Exports in Australia and Oceania

In 2022, approx. X tons of raw steel and steel semi-finished products were exported in Australia and Oceania; increasing by X% on 2021 figures. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products skyrocketed to $X in 2022. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Australia (X tons) was the largest exporter of raw steel and steel semi-finished products, comprising X% of total exports. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

Australia was also the fastest-growing in terms of the raw steel and steel semi-finished products exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest raw steel and steel semi-finished products supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand 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 Raw Steel And Steel Semi-Finished Products

Imports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in supplies from abroad of raw steel and steel semi-finished products, when their volume decreased by X% to X tons. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, imports of raw steel and steel semi-finished products fell notably to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

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

Australia was also the fastest-growing in terms of the raw steel and steel semi-finished products imports, with a CAGR of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Fiji saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported raw steel and steel semi-finished products in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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