Australia and Oceania: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Australia and Oceania

In 2022, the non-malleable cast iron articles market in Australia and Oceania increased by 24% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw strong growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Articles Of Non-Malleable Cast Iron in Australia and Oceania

In value terms, non-malleable cast iron articles production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2,733% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Australia and Oceania

In 2022, the amount of articles of non-malleable cast iron exported in Australia and Oceania dropped notably to X tons, waning by -71.8% compared with 2021 figures. Over the period under review, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 113%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports contracted significantly to $X in 2022. In general, exports showed a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand represented the major exporting country with an export of about X tons, which accounted for 59% of total exports. It was distantly followed by Australia (X tons), comprising a 38% share of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Fiji (with a CAGR of -2.4%), while the other leaders experienced a decline in the exports figures.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) constituted the countries with the highest levels of exports in 2022.

Fiji, with a CAGR of -7.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by 40% against the previous year. Overall, the export price, however, recorded a pronounced slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Australia and Oceania

In 2022, supplies from abroad of articles of non-malleable cast iron increased by 16% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 57% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of articles of non-malleable cast iron, creating 68% of total imports. It was distantly followed by New Zealand (X tons), constituting a 24% share of total imports. The following importers - New Caledonia (X tons) and Papua New Guinea (X tons) - together made up 5.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles imports into Australia stood at +16.2%. At the same time, Papua New Guinea (+18.9%), New Caledonia (+9.4%) and New Zealand (+2.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.9% from 2012-2022. From 2012 to 2022, the share of Australia increased by +28 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported articles of non-malleable cast iron in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports. It was followed by New Caledonia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +20.5%. In the other countries, the average annual rates were as follows: New Zealand (+3.7% per year) and New Caledonia (+11.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 9.7% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles import price increased by +82.8% against 2016 indices. The growth pace was the most rapid in 2018 when the import price increased by 22% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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