Australia and Oceania: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia and Oceania

In 2022, the market for ribbed or other deformed wire rod of non-alloy steel in Australia and Oceania was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded prominent growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Australia and Oceania

In value terms, deformed non-alloy steel wire rod production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Australia and Oceania

In 2022, overseas shipments of ribbed or other deformed wire rod of non-alloy steel were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a abrupt shrinkage. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from New Zealand (X tons), together amounting to X% of total export.

New Zealand was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel exports, with a CAGR of X% from 2012 to 2022. While the share of New Zealand (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) also remains the largest deformed non-alloy steel wire rod supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Australia and Oceania

In 2022, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a mild decline. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by New Caledonia (X tons), comprising a X% share of total imports. New Zealand (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to deformed non-alloy steel wire rod imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Caledonia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) and New Caledonia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Caledonia (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a mild expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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