Australia: Metal Washer Market 2024

Metal Washer Market Size in Australia

The Australian metal washer market fell to $X in 2023, waning by X% 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 buoyant increase. Metal washer consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Metal Washer Exports

Exports from Australia

After three years of growth, shipments abroad of iron or steel washers decreased by X% to X tons in 2023. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, metal washer exports dropped to $X in 2023. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) were the main destinations of metal washer exports from Australia, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Papua New Guinea ($X) appeared to be the largest markets for metal washer exported from Australia worldwide, with a combined X% share of total exports. The United Arab Emirates, Indonesia, Ghana, South Africa, China, Germany, Thailand, Malaysia, Turkey and Kenya lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average metal washer export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a lower figure.

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 Turkey ($X per ton), while the average price for exports to China ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Australia

In 2023, approx. X tons of iron or steel washers were imported into Australia; waning by X% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, metal washer imports declined slightly to $X in 2023. Overall, total imports indicated temperate growth from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then reduced modestly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest metal washer supplier to Australia, with a X% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and the United States (X% per year).

In value terms, the largest metal washer suppliers to Australia were the United States ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. India and Finland lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average metal washer import price amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($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