Australia: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Australia

In 2023, the Australian base metal clasp market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2022, and then shrank modestly in the following year.

Base Metal Clasp Exports

Exports from Australia

Base metal clasp exports from Australia expanded to X tons in 2023, with an increase of X% against the year before. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, base metal clasp exports reached $X in 2023. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), the United States (X tons) and Fiji (X tons) were the main destinations of base metal clasp exports from Australia, together comprising X% of total exports. Japan, Malaysia, South Africa, Papua New Guinea, Canada, Sri Lanka, Peru, the UK, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Fiji ($X) were the largest markets for base metal clasp exported from Australia worldwide, together accounting for X% of total exports. Japan, Malaysia, South Africa, Papua New Guinea, Canada, Sri Lanka, Peru, the UK, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, export price indicated a moderate expansion 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, base metal clasp export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and Canada ($X per ton), while the average price for exports to Singapore ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into Australia

After two years of growth, supplies from abroad of articles such as clasps, frames with clasps, parts of base metal decreased by X% to X tons in 2023. In general, total imports indicated a strong expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, base metal clasp imports contracted slightly to $X in 2023. Over the period under review, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted slightly in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Italy (X tons) were the main suppliers of base metal clasp imports to Australia, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal clasp suppliers to Australia were Taiwan (Chinese) ($X), China ($X) and France ($X), with a combined X% share of total imports. The United States, Switzerland, Italy, the UK, Germany, India, the Netherlands and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal clasp import price stood at $X per ton in 2023, remaining constant against the previous year. In general, the import price saw a mild setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform