Australia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Australia

The Australian stainless steel angle market soared to $X in 2021, with an increase of 26% against the previous year. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Stainless Steel Angle Production in Australia

In value terms, stainless steel angle production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Stainless steel angle production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Australia

In 2021, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by -2.1% to X tons, falling for the second year in a row after three years of growth. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports shrank markedly to $X in 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for stainless steel angle exports from Australia, with a 47% share of total exports. Moreover, stainless steel angle exports to India exceeded the volume sent to the second major destination, New Zealand (X tons), twofold. The third position in this ranking was held by Papua New Guinea (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-11.0% per year) and Papua New Guinea (-2.5% per year).

In value terms, the largest markets for stainless steel angle exported from Australia were New Zealand ($X), Papua New Guinea ($X) and India ($X), together comprising 85% of total exports. Iraq, the Netherlands and China lagged somewhat behind, together comprising a further 5.1%.

Among the main countries of destination, Iraq, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2021, with a decrease of -28.2% against the previous year. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+66.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Australia

Stainless steel angle imports into Australia soared to X tons in 2021, increasing by 32% compared with the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, stainless steel angle imports skyrocketed to $X in 2021. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest stainless steel angle supplier to Australia, accounting for a 60% share of total imports. Moreover, stainless steel angle imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.8% per year) and Italy (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Australia, comprising 50% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Italy, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.0% per year) and Italy (-0.1% per year).

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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