Australia and Oceania: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Australia and Oceania

The non-alloy steel i-sections market in Australia and Oceania rose sharply to $X in 2021, growing by 12% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Non-Alloy Steel I-Sections Production in Australia and Oceania

In value terms, non-alloy steel i-sections production expanded sharply to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 122%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Non-Alloy Steel I-Sections Exports

Exports in Australia and Oceania

In 2021, approx. X tons of i-sections of non-alloy steel were exported in Australia and Oceania; rising by 39% compared with 2020 figures. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 511% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-alloy steel i-sections exports soared to $X in 2021. In general, exports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 when exports increased by 371%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) was the main exporter of i-sections of non-alloy steel, creating 79% of total exports. It was distantly followed by New Zealand (X tons), creating a 16% share of total exports. Tonga (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, New Zealand (+58.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +58.5% from 2012-2021. Tonga experienced a relatively flat trend pattern. New Zealand (+16 p.p.) and Tonga (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -20.1% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest non-alloy steel i-sections supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 26% share of total exports.

In Australia, non-alloy steel i-sections exports plunged by an average annual rate of -7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+63.3% per year) and Tonga (0.0% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 41% against the previous year. Overall, the export price, however, saw a deep setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.0%).

Non-Alloy Steel I-Sections Imports

Imports in Australia and Oceania

In 2021, overseas purchases of i-sections of non-alloy steel increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 125%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-alloy steel i-sections imports soared to $X in 2021. Overall, imports, however, showed a abrupt slump. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

New Zealand prevails in imports structure, accounting for X tons, which was approx. 83% of total imports in 2021. It was distantly followed by New Caledonia (X tons), generating a 9.5% share of total imports. The following importers - Fiji (X tons) and Papua New Guinea (X tons) - each accounted for a 3.8% share of total imports.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of i-sections of non-alloy steel. At the same time, Fiji (+10.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.0% from 2012-2021. By contrast, Papua New Guinea (-2.7%) and New Caledonia (-2.7%) illustrated a downward trend over the same period. While the share of New Zealand (+60 p.p.), New Caledonia (+6.1 p.p.) and Fiji (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported i-sections of non-alloy steel in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Caledonia ($X), with an 11% share of total imports. It was followed by Fiji, with a 1.8% share.

In New Zealand, non-alloy steel i-sections imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Caledonia (-0.3% per year) and Fiji (+8.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 33% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 51%. 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 somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Caledonia ($X per ton) and Papua New Guinea ($X per ton), while Fiji ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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