Australia and Oceania: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2022

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Australia and Oceania

In 2021, the metal liquid fuel appliances market in Australia and Oceania increased by 50% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption saw a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Australia and Oceania

In value terms, metal liquid fuel appliances production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in Australia and Oceania

After three years of decline, overseas shipments of iron or steel liquid fuel domestic appliances increased by 467% to X units in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 1,174% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal liquid fuel appliances exports soared to $X in 2021. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 873% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, amounting to X units, which was approx. 91% of total exports in 2021. It was distantly followed by New Zealand (X units), generating an 8.5% share of total exports.

Australia was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +19.0% from 2012 to 2021. New Zealand (-36.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +88 percentage points.

In value terms, Australia ($X) remains the largest metal liquid fuel appliances supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.9% share of total exports.

In Australia, metal liquid fuel appliances exports expanded at an average annual rate of +14.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, declining by -39.7% against the previous year. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-3.9%).

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in Australia and Oceania

In 2021, supplies from abroad of iron or steel liquid fuel domestic appliances increased by 163% to X units, rising for the fourth consecutive year after four years of decline. Over the period under review, imports enjoyed a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal liquid fuel appliances imports soared to $X in 2021. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X units) represented the largest importer of iron or steel liquid fuel domestic appliances, making up 75% of total imports. It was distantly followed by New Zealand (X units), committing a 23% share of total imports.

Imports into Australia increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, New Zealand (+26.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +26.3% from 2012-2021. While the share of New Zealand (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-18.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel liquid fuel domestic appliances in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total imports.

In Australia, metal liquid fuel appliances imports increased at an average annual rate of +2.6% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, declining by -34.2% against the previous year. Overall, the import price, however, continues to indicate mild growth. The growth pace was the most rapid in 2016 when the import price increased by 68% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%).

Source: IndexBox Market Intelligence Platform

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