Australia and Oceania: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Australia and Oceania

The metal screw hook market in Australia and Oceania reached $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Screw Hook Production in Australia and Oceania

In value terms, metal screw hook production rose to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 23%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Screw Hook Exports

Exports in Australia and Oceania

In 2022, shipments abroad of iron or steel screw hooks and screw rings was finally on the rise to reach X tons after three years of decline. Overall, exports enjoyed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal screw hook exports skyrocketed to $X in 2022. Over the period under review, exports posted a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near 90% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising an 8.1% share of total exports. Fiji (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook exports from Australia stood at +3.7%. At the same time, New Zealand (+27.7%) and Fiji (+19.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +27.7% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest metal screw hook supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +3.4%. In the other countries, the average annual rates were as follows: New Zealand (+7.6% per year) and Fiji (+6.1% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of -24.9% against the previous year. In general, the export price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 an increase of 69%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.3%), while the other leaders experienced a decline in the export price figures.

Metal Screw Hook Imports

Imports in Australia and Oceania

For the sixth year in a row, Australia and Oceania recorded growth in purchases abroad of iron or steel screw hooks and screw rings, which increased by 3.5% to X tons in 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, metal screw hook imports declined to $X in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Wallis and Futuna Islands was the key importer of iron or steel screw hooks and screw rings in Australia and Oceania, with the volume of imports resulting at X tons, which was near 62% of total imports in 2022. Australia (X tons) took the second position in the ranking, distantly followed by New Zealand (X tons). All these countries together held near 31% share of total imports. Papua New Guinea (X tons) and French Polynesia (X tons) took a relatively small share of total imports.

Wallis and Futuna Islands was also the fastest-growing in terms of the iron or steel screw hooks and screw rings imports, with a CAGR of +93.4% from 2012 to 2022. At the same time, French Polynesia (+26.0%), Papua New Guinea (+7.0%), New Zealand (+5.4%) and Australia (+2.8%) displayed positive paces of growth. From 2012 to 2022, the share of Wallis and Futuna Islands increased by +62 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal screw hook importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined 84% share of total imports. Wallis and Futuna Islands and French Polynesia lagged somewhat behind, together comprising a further 11%.

Wallis and Futuna Islands, with a CAGR of +56.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, reducing by -8.2% against the previous year. In general, the import price saw a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 15%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Wallis and Futuna Islands ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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