Australia and Oceania: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Australia and Oceania

The flat-rolled steel coils market in Australia and Oceania rose significantly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Flat-Rolled Steel Coils Production in Australia and Oceania

In value terms, flat-rolled steel coils production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Flat-Rolled Steel Coils Exports

Exports in Australia and Oceania

In 2023, exports of flat-rolled steel in coils in Australia and Oceania reduced to X tons, shrinking by X% against the year before. In general, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, flat-rolled steel coils exports contracted notably to $X in 2023. Overall, exports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Australia prevails in exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports.

Australia was also the fastest-growing in terms of the flat-rolled steel in coils exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest flat-rolled steel coils supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Flat-Rolled Steel Coils Imports

Imports in Australia and Oceania

Flat-rolled steel coils imports soared to X tons in 2023, increasing by X% on the previous year. Overall, imports, however, showed a deep slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, flat-rolled steel coils imports soared to $X in 2023. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Australia (X tons) was the key importer of flat-rolled steel in coils, creating 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%). Fiji (X tons) held a little share of total imports.

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

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, New Zealand, 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 a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price, however, saw notable growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped sharply in the following year.

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

From 2012 to 2023, 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