Australia: Metal Bath Market 2024

Metal Bath Market Size in Australia

In 2021, the Australian metal bath market increased by 45% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Bath Exports

Exports from Australia

In 2021, approx. X tons of baths of iron or steel were exported from Australia; picking up by 40% on 2020 figures. Overall, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2019 when exports increased by 121% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal bath exports soared to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for metal bath exports from Australia, with a 58% share of total exports. Moreover, metal bath exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-23.6% per year) and the UK (0.0% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for baths of iron or steel exports from Australia, comprising 60% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 16% share of total exports. It was followed by the UK, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-23.4% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average metal bath export price amounted to $X per ton, surging by 2.2% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 118%. 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 lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per ton) and the Philippines ($X per ton), while the average price for exports to the UK ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+0.2%), while the prices for the other major destinations experienced a decline.

Metal Bath Imports

Imports into Australia

In 2021, purchases abroad of baths of iron or steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal bath imports surged to $X in 2021. In general, imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), New Zealand (X tons) and China (X tons) were the main suppliers of metal bath imports to Australia, together accounting for 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +175.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), New Zealand ($X) and China ($X) appeared to be the largest metal bath suppliers to Australia, with a combined 82% share of total imports.

In terms of the main suppliers, New Zealand, with a CAGR of +121.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal bath import price stood at $X per ton in 2021, reducing by -16.2% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of 47%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from New Zealand ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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