Australia and Oceania: Base Metal Hook Market 2025

Base Metal Hook Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the base metal hook market in Australia and Oceania, when its value decreased by -32.3% to $X. In general, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Base Metal Hook Production in Australia and Oceania

In value terms, base metal hook production totaled $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with a decrease of -23.5%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Base Metal Hook Exports

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in shipments abroad of base metal hooks, eyes and eyelets, which increased by 307% to X tons in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hook exports skyrocketed to $X in 2022. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near 95% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a 5.3% share of total exports.

Australia was also the fastest-growing in terms of the base metal hooks, eyes and eyelets exports, with a CAGR of +21.8% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+26 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-20.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest base metal hook supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total exports.

In Australia, base metal hook exports increased at an average annual rate of +9.4% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, declining by -32% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.4%).

Base Metal Hook Imports

Imports in Australia and Oceania

In 2022, imports of base metal hooks, eyes and eyelets in Australia and Oceania reduced to X tons, declining by -7% on the previous year. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, base metal hook imports declined to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Australia represented the largest importer of base metal hooks, eyes and eyelets in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. 44% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons), New Zealand (X tons) and Fiji (X tons), together generating a 44% share of total imports. New Caledonia (X tons), Solomon Islands (X tons) and Vanuatu (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to base metal hook imports into Australia stood at -5.3%. At the same time, New Caledonia (+18.6%), Vanuatu (+13.6%), Papua New Guinea (+5.7%), Fiji (+4.9%) and New Zealand (+2.1%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.6% from 2012-2022. By contrast, Solomon Islands (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea, Fiji, New Zealand, New Caledonia and Vanuatu increased by +10, +4.8, +3.3, +3.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports. It was followed by New Caledonia, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +1.6%. In the other countries, the average annual rates were as follows: New Zealand (+1.9% per year) and New Caledonia (+25.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, shrinking by -5.5% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook import price decreased by -6.8% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Papua New Guinea ($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 (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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