Australia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Australia

After two years of growth, the Australian metal flexible tubing market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Australia

In 2022, metal flexible tubing exports from Australia declined dramatically to X tons, with a decrease of X% compared with the year before. Overall, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal flexible tubing exports contracted remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for metal flexible tubing exports from Australia, with a X% share of total exports. Moreover, metal flexible tubing exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and the United States (X% per year).

In value terms, the largest markets for metal flexible tubing exported from Australia were New Zealand ($X), Singapore ($X) and Papua New Guinea ($X), with a combined X% share of total exports. The United States and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Philippines, with a CAGR of X%, saw 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 flexible tubing export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal flexible tubing export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Zealand ($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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Flexible Tubing Imports

Imports into Australia

In 2022, the amount of iron or steel flexible tubing imported into Australia declined modestly to X tons, falling by X% compared with 2021 figures. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal flexible tubing imports declined to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X tons), the UK (X tons) and China (X tons) were the main suppliers of metal flexible tubing imports to Australia, together comprising X% of total imports. The United States, Norway, Indonesia, South Korea, India, Germany, Italy and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal flexible tubing suppliers to Australia were Malaysia ($X), the UK ($X) and China ($X), together accounting for X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal flexible tubing import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal flexible tubing import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per ton) and South Korea ($X per ton), while the price for Norway ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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