Australia: Metal Chain Market 2025

Metal Chain Market Size in Australia

The Australian metal chain market rose sharply to $X in 2022, picking up by 6.9% against the previous year. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in Australia

In value terms, metal chain production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The growth pace was the most rapid in 2015 with an increase of 92%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Chain Exports

Exports from Australia

In 2022, approx. X tons of iron or steel chain were exported from Australia; dropping by -31% on the previous year's figure. Over the period under review, exports showed a pronounced reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 95%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports declined rapidly to $X in 2022. In general, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 90% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Indonesia (X tons) were the main destinations of metal chain exports from Australia, together comprising 73% of total exports. Colombia, Singapore, Fiji, Senegal, the United States, Malaysia, Thailand and China lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal chain exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Indonesia ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of +10.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the export price showed a measured increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Australia

In 2022, metal chain imports into Australia shrank to X tons, waning by -10% against 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal chain imports contracted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 450% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Australia, with a 62% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and Germany (-15.2% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest metal chain suppliers to Australia, together accounting for 77% of total imports. Italy, Taiwan (Chinese), South Africa, South Korea and the UK lagged somewhat behind, together comprising a further 14%.

South Africa, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, rising by 3.3% against the previous year. Over the period under review, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 373%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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