Australia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia

In 2021, the Australian market for ribbed or other deformed wire rod of non-alloy steel decreased by -8.3% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia

In value terms, deformed non-alloy steel wire rod production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a measured increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 63%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Australia

In 2021, deformed non-alloy steel wire rod exports from Australia dropped markedly to X tons, which is down by -64.4% on 2020. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2016 when exports increased by 1,132%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod exports dropped to $X in 2021. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,526% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for deformed non-alloy steel wire rod exports from Australia, accounting for a 99% share of total exports. It was followed by New Zealand (X kg), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea totaled +11.1%.

In value terms, Papua New Guinea ($X) emerged as the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Australia, comprising 88% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Papua New Guinea amounted to +13.6%.

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 153% against the previous year. Overall, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 an increase of 185%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Papua New Guinea amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Australia

In 2019, overseas purchases of ribbed or other deformed wire rod of non-alloy steel decreased by -23.7% to X tons, falling for the second year in a row after six years of growth. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2019, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports shrank significantly to $X in 2019. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth of imports failed to regain momentum.

Imports by Country

In 2019, Singapore (X tons) constituted the largest supplier of deformed non-alloy steel wire rod to Australia, with a approx. 18% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Singapore stood at +40.7%.

In value terms, Singapore ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Australia.

From 2012 to 2019, the average annual growth rate of value from Singapore stood at +27.5%.

Import Prices by Country

In 2019, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, declining by -7.3% against the previous year. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2019, the rate of growth in terms of prices for Singapore amounted to -9.4% per year.

Source: IndexBox Platform

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