Australia: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Australia

The Australian hot-rolled silico-manganese steel bar market dropped remarkably to $X in 2021, with a decrease of -25% 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). Overall, consumption showed a slight descent. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Australia

In 2021, the amount of hot-rolled bars of silico-manganese steel exported from Australia surged to X tons, increasing by 830% against 2020 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,435% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. Over the period under review, exports saw a significant increase. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Australia, with a 70% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Japan exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was held by Mongolia (X kg), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+66.5% per year) and Mongolia (0.0% per year).

In value terms, Japan ($X) emerged as the key foreign market for hot-rolled bars of silico-manganese steel exports from Australia, comprising 81% of total exports. The second position in the ranking was taken by Portugal ($X), with an 11% share of total exports. It was followed by Mongolia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.3% per year) and Mongolia (0.0% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, increasing by 698% against the previous year. Overall, the export price showed a resilient increase. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Portugal ($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 New Zealand (+5.7%).

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Australia

In 2021, the amount of hot-rolled bars of silico-manganese steel imported into Australia declined rapidly to X tons, reducing by -40.3% compared with 2020 figures. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports dropped remarkably to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 90%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main hot-rolled silico-manganese steel bar supplier to Australia, with a 93% share of total imports. It was followed by South Korea (X tons), with a 2.8% share of total imports. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.7% per year) and Taiwan (Chinese) (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Australia, comprising 84% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8% share of total imports. It was followed by South Korea, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.1% per year) and South Korea (+4.9% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, jumping by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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