Australia: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Australia

In 2022, after two years of growth, there was significant decline in the Australian stainless steel household articles market, when its value decreased by -9.8% to $X. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.5% against 2019 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Australia

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Australia surged to X units, picking up by 51% against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel household articles exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units) was the main destination for stainless steel household articles exports from Australia, with a 63% share of total exports. Moreover, stainless steel household articles exports to New Zealand exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.7% per year) and the United Arab Emirates (+8.6% per year).

In value terms, New Zealand ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Australia, comprising 65% of total exports. The second position in the ranking was taken by China ($X), with a 5.4% share of total exports. It was followed by the United States, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+19.5% per year) and the United States (-11.3% per year).

Export Prices by Country

In 2022, the average stainless steel household articles export price amounted to $X per unit, increasing by 18% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Australia

In 2022, purchases abroad of table, kitchen or household articles and parts of stainless steel decreased by -13% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a slight downturn. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel household articles imports shrank to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Australia, accounting for a 75% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. The third position in this ranking was held by the United States (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.1% per year) and the United States (+12.5% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Australia, comprising 75% of total imports. The second position in the ranking was taken by India ($X), with a 9.5% share of total imports. It was followed by the United States, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.5% per year) and the United States (+11.3% per year).

Import Prices by Country

In 2022, the average stainless steel household articles import price amounted to $X per unit, surging by 6% against the previous year. Over the period under review, the import price showed a prominent increase. The growth pace was the most rapid in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Vietnam ($X per unit), while the price for Italy ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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