Australia and Oceania: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports in Australia and Oceania

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in Australia and Oceania reduced markedly to X tons, declining by -X% on 2019. Over the period under review, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2017 to 2020, the growth exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports fell notably to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Australia was the key exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Australia and Oceania, with the volume of exports accounting for X tons, which was near X% of total exports in 2020. New Zealand (X tons) ranks second in terms of the total exports with a X% share, followed by Guam (X%). The following exporters - Papua New Guinea (X tons), Fiji (X tons), Marshall Islands (X tons) and Northern Mariana Islands (X tons) - together made up X% of total exports.

Exports from Australia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Guam (+X%), Marshall Islands (+X%), Northern Mariana Islands (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2007-2020. By contrast, New Zealand (-X%) and Fiji (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Guam, Papua New Guinea, New Zealand, Marshall Islands and Northern Mariana Islands increased by +X%, +X%, +X%, +X% and +X% percentage points, while Australia (-X p.p.) and Fiji (-X p.p.) saw their share reduced.

In value terms, Australia ($X) remains the largest iron, steel or aluminium reservoir supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

In 2020, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed a notable expansion. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Australia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports in Australia and Oceania

In 2020, iron, steel or aluminium reservoir imports in Australia and Oceania expanded to X tons, growing by X% on 2019 figures. In general, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports rose significantly to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Australia represented the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by New Zealand (X tons), making up a X% share of total imports. The following importers - Papua New Guinea (X tons), Fiji (X tons) and New Caledonia (X tons) - together made up X% of total imports.

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2020. 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 2007-2020. New Caledonia and New Zealand experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.) significantly strengthened its position in terms of the total imports, while Australia and Papua New Guinea saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2007 to 2020, 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: New Zealand (+X% per year) and Papua New Guinea (-X% per year).

Import Prices by Country

In 2020, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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