Australia and Oceania: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Australia and Oceania

In 2023, the stainless steel angle market in Australia and Oceania decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Australia and Oceania

In value terms, stainless steel angle production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in Australia and Oceania

In 2023, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, stainless steel angle exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Australia (X tons) was the key exporter of angles, shapes and sections of stainless steel or other alloy steel, comprising X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

Australia was also the fastest-growing in terms of the angles, shapes and sections of stainless steel or other alloy steel exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, the largest stainless steel angle supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a notable expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Stainless Steel Angle Imports

Imports in Australia and Oceania

In 2023, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports plummeted to $X in 2023. In general, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Australia (X tons) represented the key importer of angles, shapes and sections of stainless steel or other alloy steel, making up X% of total imports. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together making up a X% share of total imports. Papua New Guinea (X tons) took a little share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of New Zealand and Fiji increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported angles, shapes and sections of stainless steel or other alloy steel in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

In Australia, stainless steel angle imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, showed a mild expansion. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform