Australia and Oceania: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Australia and Oceania

In 2022, the non-alloy steel i-sections market in Australia and Oceania increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel I-Sections Production in Australia and Oceania

In value terms, non-alloy steel i-sections production dropped to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Exports

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in shipments abroad of i-sections of non-alloy steel, which increased by X% to X tons in 2022. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel i-sections exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was near X% of total exports in 2022. New Zealand (X tons) took a little share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (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, Australia ($X) remains the largest non-alloy steel i-sections supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, non-alloy steel i-sections exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Non-Alloy Steel I-Sections Imports

Imports in Australia and Oceania

In 2022, overseas purchases of i-sections of non-alloy steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a pronounced shrinkage. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports soared to $X in 2022. Overall, imports, however, showed a noticeable slump. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the largest importer of i-sections of non-alloy steel in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons) and French Polynesia (X tons), together achieving a X% share of total imports. New Caledonia (X tons) and Papua New Guinea (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Australia ($X), New Zealand ($X) and French Polynesia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. New Caledonia and Papua New Guinea lagged somewhat behind, together accounting for a further X%.

Papua New Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in French Polynesia ($X per ton) and New Zealand ($X per ton), while Australia ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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