Australia and Oceania: Pig Iron Articles Market 2023

Pig Iron Articles Market Size in Australia and Oceania

In 2021, the pig iron articles market in Australia and Oceania was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pig Iron Articles Production in Australia and Oceania

In value terms, pig iron articles production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pig Iron Articles Exports

Exports in Australia and Oceania

In 2021, the amount of granules and powders of pig iron exported in Australia and Oceania surged to X tons, jumping by 18% on the previous year's figure. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of 98%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, pig iron articles exports rose sharply to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 66%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 98% of total exports in 2021. New Zealand (X tons) took a minor share of total exports.

Australia was also the fastest-growing in terms of the granules and powders of pig iron exports, with a CAGR of +26.1% from 2012 to 2021. At the same time, New Zealand (+10.6%) displayed positive paces of growth. Australia (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -3.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest pig iron articles supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 2.3% share of total exports.

In Australia, pig iron articles exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, dropping by -6.3% against the previous year. Overall, the export price showed a precipitous slump. The pace of growth appeared the most rapid in 2018 when the export price increased by 29% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%).

Pig Iron Articles Imports

Imports in Australia and Oceania

After three years of decline, overseas purchases of granules and powders of pig iron increased by 7.9% to X tons in 2021. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 15%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pig iron articles imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importing country with an import of around X tons, which accounted for 83% of total imports. It was distantly followed by New Zealand (X tons), creating a 16% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pig iron articles imports into Australia stood at -7.8%. At the same time, New Zealand (+4.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.5% from 2012-2021. While the share of New Zealand (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-8.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported granules and powders of pig iron in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports.

In Australia, pig iron articles imports plunged by an average annual rate of -5.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).

Source: IndexBox Market Intelligence Platform

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