Australia: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Australia

The Australian metal stud-link chain market contracted sharply to $X in 2021, which is down by -73.2% against the previous year. In general, consumption faced a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Metal Stud-Link Chain Production in Australia

In value terms, metal stud-link chain production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 9.4% against the previous year. As a result, production attained the peak level of $X, and then declined modestly in the following year.

Metal Stud-Link Chain Exports

Exports from Australia

In 2021, shipments abroad of iron/steel stud-link chain was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal stud-link chain exports surged to $X in 2021. Overall, exports recorded significant growth. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for metal stud-link chain exports from Australia, with a 80% share of total exports. Moreover, metal stud-link chain exports to Norway exceeded the volume sent to the second major destination, Singapore (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+116.8% per year) and Papua New Guinea (+151.7% per year).

In value terms, Singapore ($X) remains the key foreign market for iron/steel stud-link chain exports from Australia, comprising 43% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +94.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+119.5% per year) and Norway (0.0% per year).

Export Prices by Country

The average metal stud-link chain export price stood at $X per ton in 2021, waning by -92.9% against the previous year. Overall, the export price continues to indicate a sharp curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 452% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Norway ($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 Singapore (-10.5%).

Metal Stud-Link Chain Imports

Imports into Australia

In 2021, metal stud-link chain imports into Australia stood at X tons, stabilizing at 2020. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 410% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, metal stud-link chain imports fell significantly to $X in 2021. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 174% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal stud-link chain to Australia, accounting for a 71% share of total imports. Moreover, metal stud-link chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.9% per year) and Singapore (-24.0% per year).

In value terms, China ($X), the United States ($X) and Singapore ($X) were the largest metal stud-link chain suppliers to Australia, with a combined 95% share of total imports. The UK and Japan lagged somewhat behind, together accounting for a further 1.1%.

The UK, with a CAGR of +25.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal stud-link chain import price amounted to $X per ton, with a decrease of -19.8% against the previous year. In general, the import price, however, recorded a measured expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 103%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($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 (+101.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :