Australia and Oceania: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia and Oceania

In 2021, the market for ribbed or other deformed wire rod of non-alloy steel in Australia and Oceania decreased by -7.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia and Oceania

In value terms, deformed non-alloy steel wire rod production shrank to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +123.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 58%. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Australia and Oceania

Deformed non-alloy steel wire rod exports declined notably to X tons in 2021, which is down by -94.6% on 2020 figures. Overall, exports recorded a significant decline. The growth pace was the most rapid in 2017 with an increase of 115% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports contracted remarkably to $X in 2021. Over the period under review, exports faced a precipitous decline. The pace of growth was the most pronounced in 2017 with an increase of 128% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) and New Caledonia (X tons) represented the main exporters of ribbed or other deformed wire rod of non-alloy steel in 2021, recording approx. 49% and 35% of total exports, respectively. It was distantly followed by Australia (X tons), committing a 16% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Caledonia (with a CAGR of +37.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest deformed non-alloy steel wire rod supplying countries in Australia and Oceania were New Caledonia ($X), Australia ($X) and New Zealand ($X).

New Caledonia, with a CAGR of +36.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 116% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Australia and Oceania

In 2021, overseas purchases of ribbed or other deformed wire rod of non-alloy steel were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a sharp shrinkage. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a dramatic decrease. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

New Caledonia dominates imports structure, amounting to X tons, which was near 64% of total imports in 2021. Solomon Islands (X tons) ranks second in terms of the total imports with a 9.8% share, followed by Guam (7.9%) and Papua New Guinea (7.5%). Palau (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to deformed non-alloy steel wire rod imports into New Caledonia stood at -10.1%. At the same time, Solomon Islands (+44.8%), Palau (+11.2%), Guam (+11.0%), Papua New Guinea (+10.4%) and New Zealand (+2.5%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +44.8% from 2012-2021. While the share of New Caledonia (+56 p.p.), Solomon Islands (+9.8 p.p.), Guam (+7.8 p.p.), Papua New Guinea (+7.4 p.p.) and Palau (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Caledonia ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in Australia and Oceania, comprising 64% of total imports. The second position in the ranking was taken by Solomon Islands ($X), with an 11% share of total imports. It was followed by Papua New Guinea, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Caledonia totaled -9.1%. In the other countries, the average annual rates were as follows: Solomon Islands (+43.7% per year) and Papua New Guinea (+15.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with an increase of 36% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 38%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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