Australia and Oceania: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

In 2023, after three years of growth, there was significant decline in the market for hot-rolled wire rod in coil of stainless steel in Australia and Oceania, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a perceptible expansion. Over the period under review, the market reached the peak level at $X in 2022, and then fell dramatically in the following year.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

In value terms, hot-rolled wire stainless steel rod production dropped slightly to $X in 2023 estimated in export price. The total production indicated a notable increase 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 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Australia and Oceania

Hot-rolled wire stainless steel rod exports plummeted to X tons in 2023, waning by X% on the previous year's figure. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports declined significantly to $X in 2023. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Australia (X tons) was the major exporter of hot-rolled wire rod in coil of stainless steel, making up X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

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

In Australia, hot-rolled wire stainless steel rod exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded decline in supplies from abroad of hot-rolled wire rod in coil of stainless steel, which decreased by X% to X tons in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports dropped rapidly to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Micronesia (X tons) and Australia (X tons) dominates imports structure, together creating X% of total imports. It was distantly followed by Solomon Islands (X tons), generating a X% share of total imports. Palau (X tons), Samoa (X tons), Kiribati (X tons) and Papua New Guinea (X tons) held a relatively small 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 Palau (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Kiribati, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform