Australia: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Australia

The Australian safes and strongboxes market reached $X in 2021, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Safes and strongboxes consumption peaked in 2021 and is likely to continue growth in the immediate term.

Safes And Strongboxes Exports

Exports from Australia

In 2021, overseas shipments of safes, strongboxes and doors of base metal decreased by -8.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 86%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, safes and strongboxes exports declined to $X in 2021. In general, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2018 when exports increased by 93%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of safes and strongboxes exports from Australia, together accounting for 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +104.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safes and strongboxes exported from Australia were New Zealand ($X), the United States ($X) and the Netherlands ($X), with a combined 84% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +62.0%, saw the highest rates of growth with regard to 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 safes and strongboxes export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 the United Arab Emirates ($X per ton), while the average price for exports to China ($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 China (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Safes And Strongboxes Imports

Imports into Australia

In 2021, purchases abroad of safes, strongboxes and doors of base metal increased by 1.9% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 13%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Australia, accounting for a 83% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-10.5% per year) and Indonesia (-7.9% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Australia, comprising 83% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3.3% share of total imports. It was followed by Indonesia, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.6% per year) and Indonesia (+5.2% per year).

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safes and strongboxes import price increased by +9.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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