Australia and Oceania: Iron Household Articles Market 2024

Iron Household Articles Exports

Exports in Australia and Oceania

Iron household articles exports fell modestly to X tons in 2023, almost unchanged from the year before. Over the period under review, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, iron household articles exports declined to $X in 2023. Overall, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the main exporter of table, kitchen or household articles and parts of iron in Australia and Oceania, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X tons), creating a X% share of total exports. Fiji (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the table, kitchen or household articles and parts of iron exports, with a CAGR of X% from 2012 to 2023. At the same time, Fiji (X%) displayed positive paces of growth. New Zealand experienced a relatively flat trend pattern. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron household articles supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), with a combined X% share of total exports.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the export price in Australia and Oceania amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Iron Household Articles Imports

Imports in Australia and Oceania

In 2023, purchases abroad of table, kitchen or household articles and parts of iron decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, iron household articles imports declined dramatically to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Australia was the largest importer of table, kitchen or household articles and parts of iron in Australia and Oceania, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to iron household articles imports into Australia stood at X%. New Zealand experienced a relatively flat trend pattern. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) constitutes the largest market for imported table, kitchen or household articles and parts of iron in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, iron household articles imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform