Australia and Oceania: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Australia and Oceania

In 2022, the mill rolling roll market in Australia and Oceania decreased by -34.8% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Mill Rolling Roll Production in Australia and Oceania

In value terms, mill rolling roll production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production posted a noticeable expansion. The growth pace was the most rapid in 2015 when the production volume increased by 82,824% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports in Australia and Oceania

Mill rolling roll exports was estimated at X units in 2022, increasing by 1.8% against 2021 figures. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 3,933%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, mill rolling roll exports fell dramatically to $X in 2022. Overall, exports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 28,486%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand represented the largest exporting country with an export of around X units, which resulted at 67% of total exports. It was distantly followed by Australia (X units), Fiji (X units) and Papua New Guinea (X units), together comprising a 33% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mill rolling roll exports from New Zealand stood at -2.1%. At the same time, Fiji (+3.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +3.2% from 2012-2022. By contrast, Papua New Guinea (-10.4%) and Australia (-23.6%) illustrated a downward trend over the same period. New Zealand (+46 p.p.) and Fiji (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -54% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest mill rolling roll supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was taken by Australia ($X), with a 6.1% share of total exports. It was followed by Papua New Guinea, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand stood at -8.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-39.3% per year) and Papua New Guinea (-7.2% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, which is down by -36.9% against the previous year. Over the period under review, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 1,166% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.5%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in supplies from abroad of rolls for rolling mills, which decreased by -34.9% to X units in 2022. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 78% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports shrank significantly to $X in 2022. Overall, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Australia (X units) represented the largest importer of rolls for rolling mills, comprising 77% of total imports. Fiji (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (10%).

Imports into Australia increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Fiji (+25.2%) and New Zealand (+2.5%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +25.2% from 2012-2022. While the share of Fiji (+9.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-1.6 p.p.) and New Zealand (-5.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported rolls for rolling mills in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +3.7%. In the other countries, the average annual rates were as follows: New Zealand (+0.9% per year) and Fiji (+16.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, rising by 6.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 97%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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