Australia: Moulds For Metal Market 2024

Moulds For Metal Market Size in Australia

For the third year in a row, the Australian moulds for metal market recorded decline in sales value, which decreased by -47.6% to $X in 2022. Over the period under review, consumption recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Moulds For Metal Exports

Exports from Australia

In 2022, approx. X tons of moulds for metals were exported from Australia; with a decrease of -7.5% compared with the previous year's figure. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, moulds for metal exports rose significantly to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for moulds for metal exports from Australia, with a 63% share of total exports. Moreover, moulds for metal exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+168.6% per year) and the United States (-25.3% per year).

In value terms, New Zealand ($X) remains the key foreign market for moulds for metals exports from Australia, comprising 64% of total exports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+96.8% per year) and the United States (-16.1% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, with an increase of 21% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Mexico (+63.9%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Australia

In 2022, approx. X tons of moulds for metals were imported into Australia; dropping by -56.2% compared with 2021 figures. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 44%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports contracted rapidly to $X in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest moulds for metal supplier to Australia, with a 65% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.5% per year) and Thailand (+109.3% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to Australia, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Thailand (+78.1% per year).

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, picking up by 79% against the previous year. In general, the import price recorded buoyant growth. 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform