Australia and Oceania: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by X% to X units in 2020. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports contracted significantly to $X in 2020. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

In 2020, Australia (X units) was the main exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers, committing X% of total exports. New Zealand (X units) ranks second in terms of the total exports with a X% share, followed by Guam (X%). The following exporters - Papua New Guinea (X units), Fiji (X units), Marshall Islands (X units) and Northern Mariana Islands (X units) - together made up X% of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2020. At the same time, Guam (X%), Marshall Islands (X%), Papua New Guinea (X%), Northern Mariana Islands (X%) and Fiji (X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2020. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Guam, Papua New Guinea and Marshall Islands 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 ($X) remains the largest iron, steel or aluminium reservoir supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Australia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2020, the export price in Australia and Oceania amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Australia ($X per unit), while Guam ($X per unit) was amongst the lowest.

From 2012 to 2020, 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.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports in Australia and Oceania

Iron, steel or aluminium reservoir imports rose slightly to X units in 2020, with an increase of X% on 2019. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports expanded significantly to $X in 2020. Overall, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Australia (X units) represented the key importer of iron, steel or aluminium reservoirs, tanks, vats and similar containers, creating X% of total imports. It was distantly followed by New Zealand (X units), making up a X% share of total imports. Papua New Guinea (X units), Fiji (X units) and New Caledonia (X units) held a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2020. At the same time, Fiji (X%), New Caledonia (X%) and New Zealand (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 2012-2020. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, iron, steel or aluminium reservoir imports declined by an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2020, increasing by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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