Australia and Oceania: Winding Wire Market 2024

Winding Wire Market Size in Australia and Oceania

The winding wire market in Australia and Oceania shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a slight curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Winding Wire Production in Australia and Oceania

In value terms, winding wire production dropped to $X in 2022 estimated in export price. In general, production saw a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Winding Wire Exports

Exports in Australia and Oceania

In 2022, overseas shipments of winding wire for electrical purposes decreased by X% to X tons, falling for the seventh year in a row after two years of growth. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports fell notably to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Fiji (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Fiji increased by X percentage points.

In value terms, Australia ($X) remains the largest winding wire supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports.

In Australia, winding wire exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a temperate increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Winding Wire Imports

Imports in Australia and Oceania

In 2022, overseas purchases of winding wire for electrical purposes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. 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 tons, and then declined rapidly in the following year.

In value terms, winding wire imports fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Australia was the major importer of winding wire for electrical purposes 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) and Papua New Guinea (X tons), together making up a X% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of winding wire for electrical purposes. 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. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia and Papua New Guinea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported winding wire for electrical purposes in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, 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).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 a decline in the import price figures.

Source: IndexBox Platform