Australia: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Australia

The Australian base metal padlock market amounted to $X in 2023, approximately reflecting the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Base Metal Padlock Production in Australia

In value terms, base metal padlock production contracted remarkably to $X in 2023 estimated in export price. In general, production faced a significant decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports from Australia

After two years of growth, overseas shipments of base metal padlocks decreased by X% to X tons in 2023. In general, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal padlock exports declined dramatically to $X in 2023. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Namibia (X tons) were the main destinations of base metal padlock exports from Australia, together comprising X% of total exports.

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

In value terms, Papua New Guinea ($X), New Zealand ($X) and Namibia ($X) appeared to be the largest markets for base metal padlock exported from Australia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Namibia, 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 padlock export price stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per ton) and China ($X per ton), while the average price for exports to New Caledonia ($X per ton) and Zambia ($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 New Zealand (X%), while the prices for the other major destinations experienced a decline.

Base Metal Padlock Imports

Imports into Australia

Base metal padlock imports into Australia amounted to X tons in 2023, leveling off at 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, base metal padlock imports totaled $X in 2023. In general, total imports indicated a measured increase from 2012 to 2023: its value 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 growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of base metal padlock to Australia, with a X% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Australia, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the average base metal padlock import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2023.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Macao SAR ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Mexico ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform