Australia and Oceania: Base Metal Keys Market 2024

Base Metal Keys Market Size in Australia and Oceania

The base metal keys market in Australia and Oceania shrank to $X in 2023, declining by X% against the previous year. Overall, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Base Metal Keys Production in Australia and Oceania

In value terms, base metal keys production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Base Metal Keys Exports

Exports in Australia and Oceania

In 2023, base metal keys exports in Australia and Oceania expanded modestly to X tons, with an increase of X% against 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, base metal keys exports reached $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Australia (X tons) represented the key exporter of base metal keys, achieving X% of total exports. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to base metal keys exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest base metal keys supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price showed a resilient increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

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

Base Metal Keys Imports

Imports in Australia and Oceania

Base metal keys imports fell slightly to X tons in 2023, with a decrease of X% on the year before. Overall, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2022 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, base metal keys imports dropped to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Australia represented the main importing country with an import of around X tons, which recorded X% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by Fiji (X tons). All these countries together held approx. X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to base metal keys imports into Australia stood at X%. At the same time, Fiji (X%), New Zealand (X%) and New Caledonia (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. While the share of New Zealand (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported base metal keys in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

In Australia, base metal keys imports contracted 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 New Caledonia (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal keys import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

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 New Caledonia ($X per ton), while Fiji ($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