Australia and Oceania: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Australia and Oceania

The silicon-electrical steel flat-rolled product market in Australia and Oceania skyrocketed to $X in 2021, increasing by 52% against the previous year. In general, consumption, however, showed a slight reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Australia and Oceania

In value terms, silicon-electrical steel flat-rolled product production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Australia and Oceania

Silicon-electrical steel flat-rolled product exports fell significantly to X tons in 2021, which is down by -35% against the previous year. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 377% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports declined rapidly to $X in 2021. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 929% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silicon-electrical steel flat-rolled product exports from Australia stood at -12.9%. New Zealand (-9.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest silicon-electrical steel flat-rolled product supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.4% share of total exports.

In Australia, silicon-electrical steel flat-rolled product exports plunged by an average annual rate of -16.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of 116% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.5%).

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in Australia and Oceania

After two years of decline, overseas purchases of flat-rolled products of silicon-electrical steel increased by 27% to X tons in 2021. In general, imports, however, recorded a noticeable shrinkage. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the main importing country with an import of around X tons, which finished at 72% of total imports. It was distantly followed by New Zealand (X tons), generating a 27% share of total imports.

Imports into Australia decreased at an average annual rate of -3.2% from 2012 to 2021. At the same time, New Zealand (+4.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.8% from 2012-2021. New Zealand (+12 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported flat-rolled products of silicon-electrical steel in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total imports.

In Australia, silicon-electrical steel flat-rolled product imports contracted by an average annual rate of -4.4% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the import price, however, saw a slight reduction. The pace of growth was the most pronounced in 2015 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Australia (-1.3%).

Source: IndexBox Platform

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