Australia and Oceania: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Australia and Oceania

The metal link chain parts market in Australia and Oceania contracted modestly to $X in 2021, which is down by -2.2% against the previous year. In general, consumption, however, saw a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Australia and Oceania

In value terms, metal link chain parts production surged to $X in 2021 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by 86% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Australia and Oceania

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 12% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 47%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, metal link chain parts exports totaled $X in 2021. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 98% of total exports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the iron or steel parts of articulated link chain exports, with a CAGR of +7.6% from 2012 to 2021. At the same time, New Zealand (+5.3%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest metal link chain parts supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +12.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, falling by -10.4% against the previous year. In general, the export price, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2013 when the export price increased by 39% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 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 Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.9%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Australia and Oceania

In 2021, after five years of decline, there was significant growth in overseas purchases of iron or steel parts of articulated link chain, when their volume increased by 51% to X tons. Over the period under review, imports, however, saw a mild downturn. 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, metal link chain parts imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the largest importer of iron or steel parts of articulated link chain in Australia and Oceania, with the volume of imports recording X tons, which was approx. 67% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 29% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts imports into Australia stood at -4.7%. At the same time, New Zealand (+12.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.7% from 2012-2021. While the share of New Zealand (+21 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-20.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -1.4%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with a decrease of -14.4% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the import price increased by 39%. The level of import peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 (+3.5%).

Source: IndexBox Platform

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