Australia and Oceania: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

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

The metal solid fuel appliances market in Australia and Oceania fell to $X in 2022, declining by -6.5% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.6% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

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

In value terms, metal solid fuel appliances production fell to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The growth pace was the most rapid in 2021 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in overseas shipments of iron or steel solid fuel domestic appliances, when their volume increased by 19% to X units. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by 506% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports totaled $X in 2022. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 180% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, New Zealand (X units) was the main exporter of iron or steel solid fuel domestic appliances, achieving 64% of total exports. It was distantly followed by Australia (X units), generating a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +10.3%).

In value terms, New Zealand ($X) remains the largest metal solid fuel appliances supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by Australia ($X), with a 15% share of total exports.

In New Zealand, metal solid fuel appliances exports expanded at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, with a decrease of -7.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 90%. The level of export peaked at $X per unit in 2013; however, from 2014 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 New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.8%).

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in Australia and Oceania

After four years of growth, purchases abroad of iron or steel solid fuel domestic appliances decreased by -16.5% to X units in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 68%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, metal solid fuel appliances imports declined modestly to $X in 2022. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Australia prevails in imports structure, resulting at X units, which was approx. 92% of total imports in 2022. It was distantly followed by New Zealand (X units), making up a 7.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal solid fuel appliances imports into Australia stood at +11.7%. At the same time, New Zealand (+15.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +15.0% from 2012-2022. While the share of New Zealand (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel solid fuel domestic appliances in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +11.4%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, jumping by 20% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.3%).

Source: IndexBox Platform

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