Australia and Oceania: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Australia and Oceania

The steel plaited band market in Australia and Oceania contracted to $X in 2022, falling by -8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Steel Plaited Band Production in Australia and Oceania

In value terms, steel plaited band production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 139% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports in Australia and Oceania

Steel plaited band exports surged to X tons in 2022, growing by 77% compared with the previous year. Overall, exports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 125% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 145% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Fiji (X tons) and New Zealand (X tons), together creating a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band exports from Australia stood at -4.8%. At the same time, Fiji (+22.9%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +22.9% from 2012-2022. By contrast, New Zealand (-1.4%) illustrated a downward trend over the same period. While the share of Fiji (+7.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-9.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest steel plaited band supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.6% share of total exports.

In Australia, steel plaited band exports plunged by an average annual rate of -1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+2.4% per year) and Fiji (+21.8% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by 28% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band export price increased by +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 37% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Steel Plaited Band Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in overseas purchases of iron or steel plaited bands and slings, which decreased by -6.3% to X tons in 2022. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of 24%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports expanded to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 57%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near 78% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons) and Solomon Islands (X tons), together comprising a 10% share of total imports. The following importers - New Zealand (X tons), Fiji (X tons) and Vanuatu (X tons) - together made up 8.8% of total imports.

Imports into Australia decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Vanuatu (+24.8%) and Solomon Islands (+14.5%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +24.8% from 2012-2022. New Zealand experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-1.7%) and Fiji (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Solomon Islands increased by +3.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel plaited bands and slings in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 6.8% share of total imports. It was followed by New Zealand, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: Papua New Guinea (-3.5% per year) and New Zealand (+2.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 12% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price increased by +48.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 78% 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Vanuatu ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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