Australia - Hot-Rolled Bars of Silico-Manganese Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024
Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Australia
In 2023, after two years of decline, there was significant growth in the Australian hot-rolled silico-manganese steel bar market, when its value increased by X% to $X. Over the period under review, consumption showed a noticeable expansion. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.
Exports of Hot-Rolled Bars Of Silico-Manganese Steel
Exports from Australia
In 2023, after two years of growth, there was significant decline in overseas shipments of hot-rolled bars of silico-manganese steel, when their volume decreased by X% to X kg. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then dropped significantly in the following year.
In value terms, hot-rolled silico-manganese steel bar exports shrank dramatically to $X in 2023. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined notably in the following year.
Exports by Country
New Zealand (X kg) and India (X kg) were the main destinations of hot-rolled silico-manganese steel bar exports from Australia.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%).
In value terms, New Zealand ($X) emerged as the key foreign market for hot-rolled bars of silico-manganese steel exports from Australia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand stood at X%.
Export Prices by Country
The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to India totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (X.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Bars Of Silico-Manganese Steel
Imports into Australia
In 2023, overseas purchases of hot-rolled bars of silico-manganese steel were finally on the rise to reach X tons after two years of decline. In general, imports saw noticeable growth. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2023. Overall, imports saw a prominent expansion. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, India (X tons) constituted the largest supplier of hot-rolled silico-manganese steel bar to Australia, with a X% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).
In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) were the largest hot-rolled silico-manganese steel bar suppliers to Australia, together accounting for X% of total imports.
In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 hot-rolled silico-manganese steel bar import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for hot-rolled silico-manganese steel bar in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106620 - Hot-rolled bars of silico-manganese steel
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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