Australia: Expanded Metal Market 2024

Expanded Metal Market Size in Australia

In 2023, the Australian expanded metal market increased by X% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption showed a perceptible increase. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Expanded Metal Exports

Exports from Australia

Expanded metal exports from Australia declined sharply to X tons in 2023, with a decrease of X% on the previous year's figure. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, expanded metal exports dropped dramatically to $X in 2023. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for expanded metal exports from Australia, with a X% share of total exports. Moreover, expanded metal exports to Fiji exceeded the volume sent to the second major destination, New Zealand (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Fiji totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Ghana (X% per year).

In value terms, the largest markets for expanded metal exported from Australia were Fiji ($X), New Zealand ($X) and Ghana ($X), with a combined X% share of total exports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into Australia

In 2023, approx. X tons of iron or steel expanded metal were imported into Australia; increasing by X% compared with the previous year. In general, total imports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, expanded metal imports soared to $X in 2023. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of expanded metal to Australia, with a X% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Australia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, expanded metal import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform