Australia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Australia

After three years of growth, the Australian ferro-cerium and pyrophoric alloys market decreased by -2.7% to $X in 2021. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Australia

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a notable increase. The pace of growth appeared the most rapid in 2013 with an increase of 118%. Ferro-cerium and pyrophoric alloys production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Australia

After two years of growth, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -71.9% to X tons in 2021. In general, exports showed a sharp contraction. The growth pace was the most rapid in 2019 with an increase of 1,077% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports dropped significantly to $X in 2021. Over the period under review, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2019 when exports increased by 1,350%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Australia, with a 79% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Papua New Guinea exceeded the volume sent to the second major destination, Singapore (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-0.0% per year) and New Zealand (-46.1% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Australia, comprising 79% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Papua New Guinea totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-9.5% per year) and New Zealand (-46.5% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, surging by 44% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 an increase of 731%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Singapore ($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 Malaysia (+38.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Australia

In 2021, after two years of growth, there was decline in overseas purchases of ferro-cerium and pyrophoric alloys, when their volume decreased by -2.7% to X tons. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 82%. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, ferro-cerium and pyrophoric alloys imports totaled $X in 2021. Over the period under review, imports, however, posted a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 136%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Australia, accounting for a 49% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the UK exceeded the figures recorded by the second-largest supplier, Serbia (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (0.0% per year) and the Netherlands (+17.8% per year).

In value terms, the UK ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Australia, comprising 50% of total imports. The second position in the ranking was held by Serbia ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (0.0% per year) and the Netherlands (+13.3% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, increasing by 3.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 30%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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