Australia and Oceania: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

After three years of growth, the market for hot-rolled wire rod in coil of stainless steel in Australia and Oceania decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a slight expansion. The level of consumption peaked at $X in 2022, and then contracted dramatically in the following year.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

In value terms, hot-rolled wire stainless steel rod production dropped to $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Australia and Oceania

Hot-rolled wire stainless steel rod exports shrank dramatically to X tons in 2023, which is down by X% against the previous year's figure. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports shrank sharply to $X in 2023. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Australia was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, Australia ($X) remains the largest hot-rolled wire stainless steel rod supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

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

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. Overall, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

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

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Australia and Oceania

In 2023, hot-rolled wire stainless steel rod imports in Australia and Oceania reduced markedly to X tons, waning by X% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports contracted sharply to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped remarkably in the following year.

Imports by Country

Micronesia (X tons) and Australia (X tons) dominates imports structure, together comprising X% of total imports. It was distantly followed by Solomon Islands (X tons), mixing up a X% share of total imports. Palau (X tons), Samoa (X tons), Kiribati (X tons) and Papua New Guinea (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Palau (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Micronesia ($X) and Solomon Islands ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Papua New Guinea, Palau, Kiribati and Samoa lagged somewhat behind, together accounting for a further X%.

Kiribati, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted dramatically in the following year.

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 ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform