Australia: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Australia

After three years of decline, the Australian market for tube or pipe fittings (of iron or steel) increased by 39% to $X in 2022. In general, consumption, however, saw a pronounced decrease. Iron or steel tube fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Australia

In 2022, the amount of tube or pipe fittings (of iron or steel) exported from Australia declined dramatically to X tons, with a decrease of -16.7% on 2021 figures. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 95%. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, iron or steel tube fitting exports surged to $X in 2022. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for iron or steel tube fitting exports from Australia, with a 58% share of total exports. Moreover, iron or steel tube fitting exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+7.7% per year) and the United States (+4.7% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and Vietnam ($X) were the largest markets for iron or steel tube fitting exported from Australia worldwide, with a combined 57% share of total exports. Indonesia, China, the United States, Singapore, Belgium and South Africa lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Belgium, with a CAGR of +26.7%, recorded the highest growth rate of 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 export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, with an increase of 44% against the previous year. In general, the export price, however, recorded a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Vietnam ($X per ton), while the average price for exports to New Zealand ($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 Vietnam (+7.9%), while the prices for the other major destinations experienced a decline.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Australia

In 2022, purchases abroad of tube or pipe fittings (of iron or steel) increased by 19% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 29%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel tube fitting imports expanded rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel tube fitting to Australia, accounting for a 57% share of total imports. Moreover, iron or steel tube fitting 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 taken by Italy (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.8% per year) and Italy (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Australia, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.0% per year) and Italy (-3.0% per year).

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, waning by -4.5% against the previous year. Overall, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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