Australia: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Australia

The Australian silicon-electrical steel flat-rolled product market surged to $X in 2021, growing by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a perceptible decrease. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Australia

In 2021, silicon-electrical steel flat-rolled product exports from Australia declined markedly to X tons, falling by -35.1% compared with the previous year's figure. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 407%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports contracted markedly to $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 992% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) and South Africa (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Australia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +39.9%).

In value terms, South Africa ($X) and China ($X) appeared to be the largest markets for silicon-electrical steel flat-rolled product exported from Australia worldwide.

In terms of the main countries of destination, China, with a CAGR of +40.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, surging by 5.6% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2019 an increase of 115% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Australia

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 23%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. In general, imports, however, saw a perceptible setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Australia, accounting for a 53% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.4% per year) and South Korea (+17.8% per year).

In value terms, Japan ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Australia, comprising 52% of total imports. The second position in the ranking was held by Singapore ($X), with a 21% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.4% per year) and South Korea (+14.7% per year).

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2015 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 China ($X per ton) and Singapore ($X per ton), while the price for South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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