Australia and Oceania: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Australia and Oceania

The iron or steel can market in Australia and Oceania declined slightly to $X in 2022, remaining constant against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Cans in Australia and Oceania

In value terms, iron or steel can production shrank slightly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Iron or Steel Cans

Exports in Australia and Oceania

Iron or steel can exports surged to X units in 2022, growing by X% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel can exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X units), making up a X% 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. From 2012 to 2022, the share of Australia and New Zealand increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest iron or steel can supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while New Zealand amounted to $X per unit.

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

Imports of Iron or Steel Cans

Imports in Australia and Oceania

Iron or steel can imports rose modestly to X units in 2022, with an increase of X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports skyrocketed to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of iron or steel can imports in 2022 were Australia (X units), Papua New Guinea (X units), New Zealand (X units) and Fiji (X units), together reaching X% of total import.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined X% share of total imports.

Among the main importing countries, New Zealand, 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 unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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