Australia and Oceania: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Australia and Oceania

In 2021, the ferro-cerium and pyrophoric alloys market in Australia and Oceania decreased by -1.3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Australia and Oceania

In value terms, ferro-cerium and pyrophoric alloys production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded notable growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 118% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Australia and Oceania

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -73.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 814% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports declined sharply to $X in 2021. Over the period under review, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 885% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2021. New Zealand (X kg) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys exports from Australia stood at -37.1%. New Zealand (-28.4%) illustrated a downward trend over the same period. While the share of Australia (-2.1 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -28.3%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 43% against the previous year. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2016 an increase of 838% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.9%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded growth in purchases abroad of ferro-cerium and pyrophoric alloys, which increased by 2.3% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.6% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys imports expanded sharply to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 65%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Australia (X tons) was the key importer of ferro-cerium and pyrophoric alloys, generating 69% of total imports. It was distantly followed by New Zealand (X tons), creating a 30% share of total imports.

Australia was also the fastest-growing in terms of the ferro-cerium and pyrophoric alloys imports, with a CAGR of +10.8% from 2012 to 2021. At the same time, New Zealand (+3.3%) displayed positive paces of growth. While the share of Australia (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-12.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total imports.

In Australia, ferro-cerium and pyrophoric alloys imports expanded at an average annual rate of +11.4% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 3.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.7%).

Source: IndexBox Platform

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