Australia: Aluminium Tube Market 2024

Aluminium Tube Market Size in Australia

The Australian aluminium tube market dropped sharply to $X in 2022, waning by -64.7% 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). In general, consumption faced a abrupt descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Aluminium Tube Exports

Exports from Australia

In 2022, exports of aluminium tubes and pipes from Australia soared to X tons, with an increase of 18% compared with the previous year. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 333% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium tube exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 397% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for aluminium tube exports from Australia, accounting for a 84% share of total exports. Moreover, aluminium tube exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X tons), more than tenfold. Qatar (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+25.8% per year) and Qatar (0.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for aluminium tubes and pipes exports from Australia, comprising 59% of total exports. The second position in the ranking was taken by Qatar ($X), with a 16% share of total exports. It was followed by New Caledonia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and New Caledonia (+26.6% per year).

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, growing by 32% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 273% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Solomon Islands ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Australia

In 2022, overseas purchases of aluminium tubes and pipes decreased by -45.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 163%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium tube imports dropped remarkably to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 343% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of aluminium tube to Australia, with a 39% share of total imports. Moreover, aluminium tube imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.8% per year) and Hong Kong SAR (+5.4% per year).

In value terms, the largest aluminium tube suppliers to Australia were Vietnam ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X), with a combined 55% share of total imports. Sweden, New Zealand, Indonesia, Malaysia and South Korea lagged somewhat behind, together comprising a further 11%.

Indonesia, with a CAGR of +60.5%, recorded the highest growth rate of the value of imports, among 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 aluminium tube import price stood at $X per ton in 2022, with a decrease of -9.2% against the previous year. Over the period under review, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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