Australia and Oceania: Iron Angle Market 2024

Iron Angle Market Size in Australia and Oceania

The iron angle market in Australia and Oceania surged to $X in 2021, with an increase of 99% against the previous year. Over the period under review, consumption, however, showed a slight downturn. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Iron Angle Production in Australia and Oceania

In value terms, iron angle production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 28%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Iron Angle Exports

Exports in Australia and Oceania

In 2021, iron angle exports in Australia and Oceania soared to X tons, growing by 35% on the previous year. Overall, exports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 87% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports surged to $X in 2021. Over the period under review, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 72% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was near 93% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 5.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to iron angle exports from Australia stood at -26.7%. New Zealand (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +4.5 percentage points.

In value terms, Australia ($X) remains the largest iron angle supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -26.2%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, shrinking by -4.2% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron angle export price increased by +39.5% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.4%).

Iron Angle Imports

Imports in Australia and Oceania

Iron angle imports surged to X tons in 2021, growing by 115% compared with the year before. In general, imports continue to indicate a moderate increase. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, iron angle imports skyrocketed to $X in 2021. Overall, imports posted moderate growth. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the largest importing country with an import of around X tons, which reached 60% of total imports. It was distantly followed by New Zealand (X tons), making up a 33% share of total imports. The following importers - Papua New Guinea (X tons) and Fiji (X tons) - together made up 5.3% of total imports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +9.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined 96% share of total imports. Fiji lagged somewhat behind, comprising a further 2.1%.

Fiji, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, in terms of 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 2021, jumping by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Papua New Guinea ($X per ton) and New Zealand ($X per ton), while Fiji ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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