Australia: Metal Hammer Market 2024

Metal Hammer Market Size in Australia

The Australian metal hammer market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Metal Hammer Exports

Exports from Australia

In 2022, the amount of hammers and sledge hammers with working part of metal exported from Australia soared to X tons, jumping by X% compared with 2021 figures. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hammer exports surged to $X in 2022. In general, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) was the main destination for metal hammer exports from Australia, accounting for a X% share of total exports. Moreover, metal hammer exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the United States (X% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for hammers and sledge hammers with working part of metal exports from Australia, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average metal hammer export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Japan ($X per ton), while the average price for exports to South Africa ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Metal Hammer Imports

Imports into Australia

In 2022, the amount of hammers and sledge hammers with working part of metal imported into Australia rose notably to X tons, growing by X% against 2021 figures. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, metal hammer imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal hammer imports to Australia, together accounting for X% of total imports. The UK, India, Vietnam, Mexico and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest metal hammer suppliers to Australia, with a combined X% share of total imports. The UK, India, Vietnam, Mexico and South Africa lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, 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

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