Australia: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Australia

The Australian market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021, increasing by 48% 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). Overall, consumption, however, saw a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Australia

Exports of tubes, pipes and hollow profiles (of iron or steel) from Australia skyrocketed to X tons in 2021, rising by 37% compared with 2020 figures. Overall, exports, however, continue to indicate a pronounced reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for exports of tubes, pipes and hollow profiles (of iron or steel) from Australia, accounting for a 75% share of total exports. Moreover, exports of tubes, pipes and hollow profiles (of iron or steel) to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-7.1% per year) and Indonesia (-16.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for tubes, pipes and hollow profiles (of iron or steel) exports from Australia, comprising 57% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 12% share of total exports. It was followed by Japan, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-11.8% per year) and Japan (+40.6% per year).

Export Prices by Country

In 2021, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, declining by -13.4% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 Indonesia (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Australia

Imports of tubes, pipes and hollow profiles (of iron or steel) into Australia skyrocketed to X tons in 2021, with an increase of 47% compared with the year before. In general, imports, however, saw a abrupt setback. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel pipe and tube supplier to Australia, with a 23% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. India (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.8% per year) and India (-2.2% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hollow profiles (of iron or steel) to Australia, comprising 22% of total imports. The second position in the ranking was taken by India ($X), with an 8.2% share of total imports. It was followed by Taiwan (Chinese), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.1% per year) and Taiwan (Chinese) (+2.5% per year).

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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