Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Australia - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Australia (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Australia (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Australia
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Australia

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Australia (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $12 per unit in 2022, surging by 15% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 47%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($14 per unit), while the price for New Zealand ($5.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Australia (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $13 per unit, surging by 22% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. Over the period under review, the average export prices reached the maximum at $21 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($17 per unit) and the United Arab Emirates ($17 per unit), while the average price for exports to New Zealand ($12 per unit) and the United States ($12 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Australia

Imports of sanitary ware and parts thereof, of iron or steel into Australia fell to 8.9M units in 2022, waning by -13.4% against 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of 10M units, and then dropped in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel contracted to $105M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $105M, leveling off in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Australia in 2022:

1. China (6.7M units)
2. Germany (0.5M units)
3. Thailand (0.4M units)
4. Italy (0.3M units)
5. United States (0.2M units)
6. New Zealand (0.2M units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Australia

In 2022, approx. 319K units of sanitary ware and parts thereof, of iron or steel were exported from Australia; with an increase of 5.5% on the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of sanitary ware and parts thereof, of iron or steel surged to $4.2M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Australia in 2022:

1. New Zealand (209.2K units)
2. Papua New Guinea (28.8K units)
3. United States (18.2K units)
4. Singapore (11.3K units)
5. Malaysia (8.4K units)
6. Fiji (7.6K units)
7. China (5.4K units)
8. Indonesia (3.7K units)

Source: IndexBox Market Intelligence Platform