Australia and Oceania: Hot-Rolled Steel Products Market 2025

Hot-Rolled Steel Products Market Size in Australia and Oceania

In 2021, after three years of decline, there was significant growth in the hot-rolled steel products market in Australia and Oceania, when its value increased by 17% to $X. Overall, consumption, however, saw a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in Australia and Oceania

In value terms, hot-rolled steel products production stood at $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports in Australia and Oceania

Hot-rolled steel products exports declined remarkably to X tons in 2021, waning by -65.1% compared with the previous year's figure. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 23% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, hot-rolled steel products exports fell dramatically to $X in 2021. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and New Zealand (X tons) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of -11.8%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, New Zealand, with a CAGR of -10.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 49% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.2%).

Hot-Rolled Steel Products Imports

Imports in Australia and Oceania

In 2021, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) imported in Australia and Oceania skyrocketed to X tons, with an increase of 26% against the year before. Overall, imports, however, saw a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled steel products imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. 90% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing a 5% share of total imports. Papua New Guinea (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hot-rolled steel products imports into Australia stood at -8.5%. Papua New Guinea (-7.0%) and New Zealand (-17.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +4.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported flat-rolled products of iron or steel (not further worked than hot-rolled) in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was held by New Zealand ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -6.6%. In the other countries, the average annual rates were as follows: New Zealand (-16.9% per year) and Papua New Guinea (-2.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 40% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled steel products import price increased by +22.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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