Australia and Oceania: Aluminium Tube Market 2024

Aluminium Tube Market Size in Australia and Oceania

The aluminium tube market in Australia and Oceania reduced to $X in 2023, which is down by X% against the previous year. Overall, consumption recorded a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Australia and Oceania

In value terms, aluminium tube production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Aluminium Tube Exports

Exports in Australia and Oceania

In 2023, aluminium tube exports in Australia and Oceania skyrocketed to X tons, with an increase of X% on 2022. Overall, exports saw a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium tube exports dropped to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. New Zealand (X tons) took a relatively small share of total exports.

Australia was also the fastest-growing in terms of the aluminium tubes and pipes exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest aluminium tube supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Aluminium Tube Imports

Imports in Australia and Oceania

In 2023, overseas purchases of aluminium tubes and pipes decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium tube imports reduced remarkably to $X in 2023. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, New Zealand (X tons) represented the key importer of aluminium tubes and pipes, achieving X% of total imports. Australia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%). The following importers - Tonga (X tons), Papua New Guinea (X tons), New Caledonia (X tons) and Samoa (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to aluminium tube imports into New Zealand stood at X%. At the same time, Fiji (X%) and Tonga (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. Samoa experienced a relatively flat trend pattern. By contrast, New Caledonia (X%), Papua New Guinea (X%) and Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.), Fiji (X p.p.) and Tonga (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium tube importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), with a combined X% share of total imports.

Among the main importing countries, Fiji, 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 import price in Australia and Oceania stood at $X per ton in 2023, leveling off at the previous year. Overall, the import price saw pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform