Australia and Oceania: Metal Wool Market 2024

Metal Wool Market Size in Australia and Oceania

For the third consecutive year, the metal wool market in Australia and Oceania recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Wool Production in Australia and Oceania

In value terms, metal wool production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

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Metal Wool Exports

Exports in Australia and Oceania

Metal wool exports surged to X tons in 2022, increasing by X% compared with the year before. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports surged to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Fiji (X tons) and Australia (X tons) dominates exports structure, together achieving X% of total exports. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Fiji (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Fiji ($X), Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Fiji, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced a decline in the export price figures.

Metal Wool Imports

Imports in Australia and Oceania

In 2022, the amount of iron or steel wool imported in Australia and Oceania skyrocketed to X tons, with an increase of X% against the year before. In general, imports recorded a modest increase. Over the period under review, imports attained the peak figure at X tons in 2015; afterwards, it flattened through to 2022.

In value terms, metal wool imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of around X tons, which amounted to X% of total imports. Papua New Guinea (X tons) took the second position in the ranking, followed by New Zealand (X tons) and Fiji (X tons). All these countries together took near X% share of total imports. The following importers - Samoa (X tons), Solomon Islands (X tons) and New Caledonia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal wool imports into Australia stood at X%. At the same time, Fiji (X%), Samoa (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Solomon Islands (X%), New Zealand (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, Fiji and Samoa increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel wool in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, metal wool imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform