Australia and Oceania: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Australia and Oceania

The hot-rolled round stainless steel market in Australia and Oceania fell modestly to $X in 2023, declining by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Hot-Rolled Round Bars Of Stainless Steel in Australia and Oceania

In value terms, hot-rolled round stainless steel production declined slightly to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in overseas shipments of hot-rolled round bars of stainless steel, which increased by X% to X tons in 2023. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, hot-rolled round stainless steel exports declined to $X in 2023. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2023.

Australia was also the fastest-growing in terms of the hot-rolled round bars of stainless steel exports, with a CAGR of X% from 2012 to 2023. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest hot-rolled round stainless steel supplier in Australia and Oceania.

From 2012 to 2023, the average annual rate of growth in terms 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, declining by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports in Australia and Oceania

In 2023, hot-rolled round stainless steel imports in Australia and Oceania contracted to X tons, reducing by X% compared with the year before. Total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, hot-rolled round stainless steel imports rose sharply to $X in 2023. Total imports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Australia (X tons) and New Zealand (X tons) dominates imports structure, together achieving X% of total imports. The following importers - Vanuatu (X tons), Palau (X tons) and Samoa (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vanuatu (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Palau ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Vanuatu and Samoa lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vanuatu, with a CAGR of X%, saw 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 2023, rising by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled round stainless steel import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform