Australia and Oceania: Base Metal Keys Market 2025

Base Metal Keys Market Size in Australia and Oceania

In 2022, the base metal keys market in Australia and Oceania increased by 6.9% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Base Metal Keys Production in Australia and Oceania

In value terms, base metal keys production surged to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +50.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 93%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Base Metal Keys Exports

Exports in Australia and Oceania

In 2022, the amount of base metal keys exported in Australia and Oceania surged to X tons, jumping by 37% compared with the previous year's figure. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2015 when exports increased by 82%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal keys exports soared to $X in 2022. Overall, exports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2019 with an increase of 53%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, recording X tons, which was approx. 92% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a 7.3% share of total exports.

Australia was also the fastest-growing in terms of the base metal keys exports, with a CAGR of -4.5% from 2012 to 2022. New Zealand (-6.8%) illustrated a downward trend over the same period. While the share of Australia (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-1.8 p.p.) displayed negative dynamics.

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

In Australia, base metal keys exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by -10.2% against the previous year. In general, the export price, however, saw measured growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 49%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat 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 Australia (+3.8%).

Base Metal Keys Imports

Imports in Australia and Oceania

In 2022, purchases abroad of base metal keys was finally on the rise to reach X tons after four years of decline. Overall, imports, however, continue to indicate a abrupt decline. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal keys imports expanded markedly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importing country with an import of around X tons, which resulted at 72% of total imports. It was distantly followed by New Zealand (X tons), making up a 21% share of total imports. Fiji (X tons) and New Caledonia (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to base metal keys imports into Australia stood at -7.3%. At the same time, Fiji (+10.9%), New Caledonia (+4.4%) and New Zealand (+3.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.9% from 2012-2022. While the share of New Zealand (+12 p.p.) and Fiji (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-16.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported base metal keys in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total imports. It was followed by New Caledonia, with a 2.5% share.

In Australia, base metal keys imports shrank by an average annual rate of -1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+0.4% per year) and New Caledonia (+3.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, waning by -17.3% against the previous year. Overall, the import price, however, saw measured growth. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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