Australia: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Australia

In 2021, the Australian market for raw steel and steel semi-finished products increased by 4.7% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Australia

In value terms, production of raw steel and steel semi-finished products reached $X in 2021 estimated in export price. In general, production saw a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Australia

In 2021, approx. X tons of raw steel and steel semi-finished products were exported from Australia; picking up by 5,904% against 2020 figures. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Australia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +188.0%), while the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and Indonesia ($X) appeared to be the largest markets for raw steel and steel semi-finished products exported from Australia worldwide, together comprising 89% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +114.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for raw steel and steel semi-finished products amounted to $X per ton, reducing by -79.2% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2020 when the average export price increased by 558% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Thailand ($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 South Korea (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Australia

In 2021, overseas purchases of raw steel and steel semi-finished products increased by 986% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,449% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 880%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of raw steel and steel semi-finished products to Australia, accounting for a 47% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Oman exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+223.4% per year) and India (+94.0% per year).

In value terms, Oman ($X), Russia ($X) and India ($X) were the largest raw steel and steel semi-finished products suppliers to Australia, together accounting for 80% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +114.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for raw steel and steel semi-finished products amounted to $X per ton, reducing by -32.4% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 171%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :