Australia and Oceania: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in Australia and Oceania

For the third year in a row, the forged stainless steel bar market in Australia and Oceania recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate resilient growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Forged Bars Of Stainless Steel in Australia and Oceania

In value terms, forged stainless steel bar production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Forged Bars Of Stainless Steel

Exports in Australia and Oceania

In 2022, shipments abroad of forged bars of stainless steel was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a mild downturn. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, forged stainless steel bar exports soared to $X in 2022. Overall, exports, however, showed a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Fiji (X tons) and Australia (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X) remains the largest forged stainless steel bar supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Fiji ($X), with a X% share of total exports.

In Australia, forged stainless steel bar exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Imports of Forged Bars Of Stainless Steel

Imports in Australia and Oceania

In 2022, the amount of forged bars of stainless steel imported in Australia and Oceania was estimated at X tons, increasing by X% against the previous year's figure. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, forged stainless steel bar imports soared to $X in 2022. Overall, imports showed noticeable growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Australia dominates imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating an X% share of total imports. The following importers - Samoa (X tons) and Fiji (X tons) - each reached an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to forged stainless steel bar imports into Australia stood at X%. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Samoa (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) and Samoa (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported forged bars of stainless steel in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Samoa, with a X% share.

In Australia, forged stainless steel bar imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Samoa (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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