Australia and Oceania: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Australia and Oceania

After three years of growth, the market for line pipe of steel other than stainless steel for oil or gas pipelines in Australia and Oceania decreased by X% to $X in 2023. Over the period under review, consumption saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Australia and Oceania

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines stood at $X in 2023 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports in Australia and Oceania

In 2023, the amount of line pipe of steel other than stainless steel for oil or gas pipelines exported in Australia and Oceania fell remarkably to X tons, shrinking by X% against 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines fell markedly to $X in 2023. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Australia prevails in pipelines structure, reaching X tons, which was approx. X% of total exports in 2023. The following exporters - Papua New Guinea (X tons) and Fiji (X tons) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to line pipe of steel other than stainless steel for oil or gas pipelines exports from Australia stood at X%. At the same time, Fiji (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted moderate growth. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Fiji ($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 export price figures.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports in Australia and Oceania

In 2023, after three years of growth, there was significant decline in supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume decreased by X% to X tons. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines shrank sharply to $X in 2023. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Australia (X tons) was the major importer of line pipe of steel other than stainless steel for oil or gas pipelines, committing X% of total imports. It was distantly followed by New Zealand (X tons), constituting a X% share of total imports. Papua New Guinea (X tons) and Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported line pipe of steel other than stainless steel for oil or gas pipelines in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, imports of line pipe of steel other than stainless steel for oil or gas pipelines plunged 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 Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Fiji ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform