Australia and Oceania: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

The market for hot-rolled wire rod in coil of stainless steel in Australia and Oceania skyrocketed to $X in 2022, with an increase of 22% against the previous year. In general, consumption recorded a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Australia and Oceania

In value terms, hot-rolled wire stainless steel rod production stood at $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Australia and Oceania

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were exported in Australia and Oceania; surging by 17% on the year before. Over the period under review, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2019 when exports increased by 194%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports soared to $X in 2022. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 227%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of hot-rolled wire rod in coil of stainless steel, constituting 76% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 20% share of total exports. Fiji (X tons) took a little share of total exports.

Exports from Australia decreased at an average annual rate of -4.8% from 2012 to 2022. Fiji (-1.4%) and New Zealand (-3.0%) illustrated a downward trend over the same period. Fiji (+4.1 p.p.) and New Zealand (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -6.3% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest hot-rolled wire stainless steel rod supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +4.4%. In the other countries, the average annual rates were as follows: New Zealand (+1.4% per year) and Fiji (-17.6% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by 44% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2016 when the export price increased by 73% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Australia (+9.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Australia and Oceania

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported in Australia and Oceania; increasing by 5.8% compared with 2021 figures. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, hot-rolled wire stainless steel rod imports soared to $X in 2022. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X tons, which finished at 65% of total imports. It was distantly followed by Micronesia (X tons), comprising a 23% share of total imports. The following importers - Solomon Islands (X tons), Palau (X tons) and Samoa (X tons) - together made up 7.8% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hot-rolled wire stainless steel rod imports into Australia stood at +2.6%. At the same time, Palau (+49.0%), Micronesia (+41.6%), Solomon Islands (+35.3%) and Samoa (+16.2%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +49.0% from 2012-2022. While the share of Micronesia (+21 p.p.), Solomon Islands (+3.1 p.p.) and Palau (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-27.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by Micronesia ($X), with a 21% share of total imports. It was followed by Solomon Islands, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +4.3%. In the other countries, the average annual rates were as follows: Micronesia (+40.1% per year) and Solomon Islands (+36.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 37% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Palau ($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 (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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