Australia and Oceania: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Australia and Oceania

In 2022, the market for welded and cold-formed sections of steel in Australia and Oceania was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a slight reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Welded And Cold-Formed Sections Of Steel in Australia and Oceania

In value terms, welded and cold-formed steel sections production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 457% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports in Australia and Oceania

In 2022, approx. X tons of welded and cold-formed sections of steel were exported in Australia and Oceania; dropping by -44.9% compared with 2021 figures. Over the period under review, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 699%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports reduced rapidly to $X in 2022. In general, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 79%. 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

Australia was the largest exporter of welded and cold-formed sections of steel in Australia and Oceania, with the volume of exports finishing at X tons, which was near 81% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to welded and cold-formed steel sections exports from Australia stood at -26.3%. New Zealand (-15.4%) illustrated a downward trend over the same period. New Zealand (+13 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -13.4% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, New Zealand, with a CAGR of +0.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 613% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+18.4%).

Imports of Welded And Cold-Formed Sections Of Steel

Imports in Australia and Oceania

In 2022, purchases abroad of welded and cold-formed sections of steel decreased by -20.8% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 108%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports dropped rapidly to $X in 2022. Overall, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2016 when imports increased by 95%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia represented the largest importer of welded and cold-formed sections of steel in Australia and Oceania, with the volume of imports recording X tons, which was approx. 65% of total imports in 2022. Samoa (X tons) ranks second in terms of the total imports with a 17% share, followed by New Zealand (8.5%). Papua New Guinea (X tons) and New Caledonia (X tons) took a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of -9.2% from 2012 to 2022. At the same time, New Zealand (+41.6%) and Samoa (+20.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +41.6% from 2012-2022. By contrast, New Caledonia (-1.1%) and Papua New Guinea (-25.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Samoa and New Zealand increased by +16 and +8.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported welded and cold-formed sections of steel in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by Samoa ($X), with a 6.6% share of total imports. It was followed by New Zealand, with a 3.8% share.

In Australia, welded and cold-formed steel sections imports increased at an average annual rate of +2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Samoa (+13.3% per year) and New Zealand (+26.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 61%. The level of import peaked at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($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 (+12.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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