Australia and Oceania: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Australia and Oceania

For the third consecutive year, the market for raw steel and steel semi-finished products in Australia and Oceania recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Australia and Oceania

In value terms, production of raw steel and steel semi-finished products dropped to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in Australia and Oceania

After two years of growth, overseas shipments of raw steel and steel semi-finished products decreased by X% to X tons in 2023. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell rapidly in the following year.

In value terms, exports of raw steel and steel semi-finished products reduced remarkably to $X in 2023. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

In 2023, Australia (X tons) was the key exporter of raw steel and steel semi-finished products, achieving X% of total exports. It was distantly followed by New Zealand (X tons), committing a X% share of total exports.

Australia was also the fastest-growing in terms of the raw steel and steel semi-finished products exports, with a CAGR of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. 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 ($X) remains the largest raw steel and steel semi-finished products supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, exports of raw steel and steel semi-finished products increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the export prices remained at a lower figure.

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

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

Imports of Raw Steel And Steel Semi-Finished Products

Imports in Australia and Oceania

In 2023, overseas purchases of raw steel and steel semi-finished products decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of raw steel and steel semi-finished products declined rapidly to $X in 2023. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Australia was the main importer of raw steel and steel semi-finished products in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Fiji (X tons), comprising a X% share of total imports.

Australia was also the fastest-growing in terms of the raw steel and steel semi-finished products imports, with a CAGR of X% from 2012 to 2023. At the same time, Fiji (X%) displayed positive paces of growth. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while Fiji saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) constitutes the largest market for imported raw steel and steel semi-finished products in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Fiji ($X per ton), while Australia totaled $X per ton.

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

Source: IndexBox Platform