Australia and Oceania: Stainless Steel Nut Market 2020

Stainless Steel Nut Market Size in Australia and Oceania

The revenue of the stainless steel nut market in Australia and Oceania amounted to $X in 2017, going up by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The level of stainless steel nut consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Stainless Steel Nut Production in Australia and Oceania

In 2017, stainless steel nut production in Australia and Oceania amounted to X tons, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% year-to-year. The volume of stainless steel nut production peaked in 2017, and is likely to see steady growth in the immediate term.

Stainless Steel Nut Exports in Australia and Oceania

In 2017, the amount of stainless steel nuts exported in Australia and Oceania totaled X tons, lowering by -X% against the previous year. The stainless steel nut exports continue to indicate a measured slump. The most prominent rate of growth was recorded in 2014, when exports increased by X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, stainless steel nut exports stood at $X in 2017. The stainless steel nut exports continue to indicate a relatively flat trend pattern. In that year, the stainless steel nut exports reached their peak level of $X. From 2013 to 2017, growth of the stainless steel nut exports failed to regain its momentum.

Stainless Steel Nut Exports by Country in Australia and Oceania

Australia dominates stainless steel nut exports structure, accounting for X tons, which was approx. X% of total exports in 2017. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest growing in terms of the stainless steel nuts exports, with a CAGR of -X% from 2007 to 2017. New Zealand (-X%) illustrated a downward trend over the same period. Australia (X%) and New Zealand (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest stainless steel nut supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Australia was relatively modest.

Stainless Steel Nut Export Prices by Country in Australia and Oceania

In 2017, the stainless steel nut export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. The export price indicated a temperate increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% against the previous year. Over the period under review, the export prices for stainless steel nuts attained its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was New Zealand ($X per kg), while Australia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by New Zealand (+X% per year).

Stainless Steel Nut Imports in Australia and Oceania

In 2017, approx. X tons of stainless steel nuts were imported in Australia and Oceania; therefore, remained relatively stable against the previous year. The stainless steel nut imports continue to indicate a slight downturn. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. In that year, the stainless steel nut imports reached their peak volume of X tons. From 2009 to 2017, growth of the stainless steel nut imports stood at a somewhat lower level.

In value terms, stainless steel nut imports amounted to $X in 2017. The stainless steel nut imports continue to indicate a mild growth. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Stainless Steel Nut Imports by Country in Australia and Oceania

Australia was the main importing country with an import of around X tons, which finished at X% of total imports. Papua New Guinea (X tons) took the second position in the ranking, followed by New Zealand (X tons). All these countries together took near X% share of total imports.

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Papua New Guinea (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest growing importer in Australia and Oceania, with a CAGR of +X% from 2007-2017. While the share of Australia (X%) increased significantly in terms of the global imports from 2007-2017, the share of Papua New Guinea (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported stainless steel nuts in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global imports. It was followed by Papua New Guinea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Stainless Steel Nut Import Prices by Country in Australia and Oceania

The stainless steel nut import price in Australia and Oceania stood at $X per ton in 2017, going up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014, when the import prices increased by X% against the previous year. In that year, the import prices for stainless steel nuts attained their peak level of $X per ton. From 2015 to 2017, growth of the import prices for stainless steel nuts failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Australia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform