Australia: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Australia

The Australian iron or steel can market fell to $X in 2021, waning by -9.1% against the previous year. Overall, consumption showed a slight curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Iron or Steel Cans in Australia

In value terms, iron or steel can production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decrease. The growth pace was the most rapid in 2015 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports from Australia

After four years of decline, overseas shipments of iron or steel cans increased by 89% to X units in 2021. Overall, exports, however, recorded a abrupt decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X units) was the main destination for iron or steel can exports from Australia, with a 70% share of total exports. Moreover, iron or steel can exports to Papua New Guinea exceeded the volume sent to the second major destination, New Caledonia (X units), fivefold. The third position in this ranking was held by New Zealand (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+24.9% per year) and New Zealand (+5.6% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for iron or steel cans exports from Australia, comprising 70% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 13% share of total exports. It was followed by New Zealand, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Papua New Guinea stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+32.7% per year) and New Zealand (+3.4% per year).

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, picking up by 4.4% against the previous year. In general, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Indonesia ($X per unit) and New Zealand ($X per unit), while the average price for exports to New Caledonia ($X per unit) and Papua New Guinea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Australia

Iron or steel can imports into Australia declined markedly to X units in 2021, falling by -58.7% compared with the previous year. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 145% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, iron or steel can imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 146% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Malaysia (X units) and Thailand (X units) were the main suppliers of iron or steel can imports to Australia, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +18.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of iron or steel cans to Australia, comprising 64% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 30% share of total imports. It was followed by Thailand, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.3% per year) and Thailand (+15.1% per year).

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, jumping by 171% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per unit) and Thailand ($X per unit), while the price for Malaysia ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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