Australia and Oceania: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Australia and Oceania

The market for tube or pipe fittings (of iron or steel) in Australia and Oceania skyrocketed to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Australia and Oceania

In value terms, iron or steel tube fitting production soared to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in Australia and Oceania

In 2022, iron or steel tube fitting exports in Australia and Oceania shrank significantly to X tons, with a decrease of X% on the previous year. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports expanded markedly to $X in 2022. Overall, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. New Zealand (X tons) took a relatively small share of total exports.

Australia was also the fastest-growing in terms of the tube or pipe fittings (of iron or steel) exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest iron or steel tube fitting supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in Australia and Oceania

In 2022, overseas purchases of tube or pipe fittings (of iron or steel) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel tube fitting imports expanded sharply to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia was the main importer of tube or pipe fittings (of iron or steel) in Australia and Oceania, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to iron or steel tube fitting imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. 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 2012-2022, the share of Papua New Guinea (X p.p.) and Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, iron or steel tube fitting imports remained relatively stable over the period from 2012-2022. 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel tube fitting import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, 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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