Australia and Oceania: Market for Hot-Rolled Bars Of High Speed Steel 2024

Market Size for Hot-Rolled Bars Of High Speed Steel in Australia and Oceania

The market for hot-rolled bars of high speed steel in Australia and Oceania shrank to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of High Speed Steel in Australia and Oceania

In value terms, hot-rolled high speed steel bar production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Hot-Rolled Bars Of High Speed Steel

Exports in Australia and Oceania

Hot-rolled high speed steel bar exports fell dramatically to X tons in 2022, shrinking by X% against the year before. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports dropped markedly to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons) represented the key exporter of hot-rolled bars of high speed steel, committing X% of total exports. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together generating a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Fiji, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

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

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in Australia and Oceania

In 2022, purchases abroad of hot-rolled bars of high speed steel decreased by X% to X tons, falling for the sixth year in a row after three years of growth. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) and Australia (X tons) represented the main importers of hot-rolled bars of high speed steel in Australia and Oceania, together finishing at approx. X% of total imports. Papua New Guinea (X tons) held the next position in the ranking, followed by Cook Islands (X tons) and Wallis and Futuna Islands (X tons). All these countries together took approx. X% share of total imports. New Caledonia (X tons) and Fiji (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Caledonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled high speed steel bar importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), together comprising X% of total imports. Fiji, Cook Islands, New Caledonia and Wallis and Futuna Islands lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Fiji, 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 more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a slight decline. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Wallis and Futuna Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform