Australia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Australia

In 2022, the Australian mill rolling roll market decreased by -41.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Exports

Exports from Australia

In 2022, approx. X units of rolls for rolling mills were exported from Australia; picking up by 10% compared with the year before. In general, exports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2018 with an increase of 47,900% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, mill rolling roll exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a dramatic contraction. The pace of growth was the most pronounced in 2018 with an increase of 35,458% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), Thailand (X units) and Indonesia (X units) were the main destinations of mill rolling roll exports from Australia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +11.6%), while the other leaders experienced a decline.

In value terms, New Zealand ($X) remains the key foreign market for rolls for rolling mills exports from Australia, comprising 79% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-29.5% per year) and Indonesia (-49.3% per year).

Export Prices by Country

In 2022, the average mill rolling roll export price amounted to $X per unit, waning by -88.7% against the previous year. In general, the export price saw a sharp downturn. The growth pace was the most rapid in 2019 when the average export price increased by 7,230% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+119.6%), while the prices for the other major destinations experienced mixed trend patterns.

Mill Rolling Roll Imports

Imports into Australia

In 2022, supplies from abroad of rolls for rolling mills decreased by -45.1% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 107% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports fell markedly to $X in 2022. Over the period under review, imports, however, recorded a perceptible expansion. The growth pace was the most rapid in 2020 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and the United States (X units) were the main suppliers of mill rolling roll imports to Australia, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of rolls for rolling mills to Australia, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and South Korea (+21.3% per year).

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2022, increasing by 14% against the previous year. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of 93%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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