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Mar 15, 2025

Australia's Iron and Non-Alloy Steel Angles, Shapes, and Sections Market Expected to Grow at 1.4% CAGR through 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Australia - Angles, Shapes And Sections (Of Iron Or

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Australia - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights.

The article details the anticipated CAGR for both market volume and value from 2024 to 2035, predicting a growth in market volume to 388K tons and market value to $389M by the end of 2035. This upward consumption trend is driven by an increasing demand for angles, shapes, and sections in Australia.

Driven by increasing demand for angles, shapes and sections (of iron or non-alloy steel) in Australia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2024 to 2035, which is projected to bring the market volume to 388K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2024 to 2035, which is projected to bring the market value to $389M (in nominal wholesale prices) by the end of 2035.

In 2024, iron angle consumption in Australia rose markedly to 334K tons, surging by 15% compared with the previous year. Over the period under review, consumption recorded moderate growth. Over the period under review, consumption hit record highs at 426K tons in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

The size of the iron angle market in Australia expanded remarkably to $284M in 2024, picking up by 11% 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). In general, consumption recorded a moderate increase. Over the period under review, the market hit record highs at $299M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Iron angle production in Australia fell slightly to 75K tons in 2024, waning by -2.7% against the year before. In general, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2023 with an increase of 5.7%. Iron angle production peaked at 193K tons in 2013; however, from 2014 to 2024, production stood at a somewhat lower figure.

In value terms, iron angle production shrank to $103M in 2024 estimated in export price. Over the period under review, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $266M. From 2016 to 2024, production growth failed to regain momentum.

In 2024, imports of angles, shapes and sections (of iron or non-alloy steel) into Australia surged to 261K tons, growing by 21% against the previous year. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 226%. Imports peaked at 302K tons in 2017; however, from 2018 to 2024, imports remained at a lower figure.

In value terms, iron angle imports stood at $231M in 2024. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 256% against the previous year. Imports peaked in 2024 and are likely to see steady growth in the immediate term.

Indonesia (37K tons), Taiwan (Chinese) (30K tons) and Vietnam (27K tons) were the main suppliers of iron angle imports to Australia, with a combined 36% share of total imports. Luxembourg, Japan, China, Bahrain, Turkey and South Korea lagged somewhat behind, together comprising a further 15%.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +60.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($26M), Taiwan (Chinese) ($25M) and Vietnam ($21M) appeared to be the largest iron angle suppliers to Australia, together comprising 31% of total imports. Luxembourg, Japan, China, Bahrain, Turkey and South Korea lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Bahrain, with a CAGR of +60.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

H-sections of of non-alloy steel (76K tons), i-sections of non-alloy steel (68K tons) and u-sections of non-alloy steel (68K tons) were the main products of iron angle imports to Australia, with a combined 81% share of total imports.

From 2013 to 2024, the biggest increases were recorded for h-sections of of non-alloy steel (with a CAGR of +22.0%), while purchases for the other products experienced more modest paces of growth.

In value terms, h-sections of of non-alloy steel ($65M), u-sections of non-alloy steel ($60M) and i-sections of non-alloy steel ($58M) appeared to be the most imported types of angles, shapes and sections (of iron or non-alloy steel) in Australia, with a combined 79% share of total imports.

Among the main product categories, h-sections of of non-alloy steel, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

The average iron angle import price stood at $886 per ton in 2024, which is down by -6% against the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45%. The import price peaked at $1,184 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was iron or non-alloy steel; angles, shapes and sections, n.e.s. in heading no. 7216, hot-rolled, hot-drawn or extruded ($1,350 per ton), while the price for iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm ($765 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by non-alloy steel h-sections (+10.7%), while the prices for the other products experienced more modest paces of growth.

In 2024, the average iron angle import price amounted to $886 per ton, with a decrease of -6% against the previous year. In general, the import price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2017 an increase of 45%. Over the period under review, average import prices reached the maximum at $1,184 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,311 per ton), while the price for Indonesia ($715 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Bahrain (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, approx. 2.7K tons of angles, shapes and sections (of iron or non-alloy steel) were exported from Australia; picking up by 13% compared with 2023 figures. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 146% against the previous year. Over the period under review, the exports hit record highs at 12K tons in 2013; however, from 2014 to 2024, the exports remained at a lower figure.

In value terms, iron angle exports soared to $4.8M in 2024. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2022 when exports increased by 94% against the previous year. The exports peaked at $13M in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

Indonesia (2.2K tons) was the main destination for iron angle exports from Australia, accounting for a 84% share of total exports. Moreover, iron angle exports to Indonesia exceeded the volume sent to the second major destination, New Zealand (232 tons), tenfold. The third position in this ranking was taken by Papua New Guinea (152 tons), with a 5.6% share.

From 2013 to 2024, the average annual rate of growth in terms of volume to Indonesia stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-29.4% per year) and Papua New Guinea (-9.2% per year).

In value terms, Indonesia ($3.8M) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Australia, comprising 80% of total exports. The second position in the ranking was held by Papua New Guinea ($431K), with a 9% share of total exports. It was followed by New Zealand, with a 5.8% share.

From 2013 to 2024, the average annual growth rate of value to Indonesia stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-7.6% per year) and New Zealand (-28.0% per year).

I-sections of non-alloy steel (817 tons), h-sections of of non-alloy steel (744 tons) and u-sections of non-alloy steel (552 tons) were the main products of iron angle exports from Australia, together accounting for 79% of total exports.

From 2013 to 2024, the biggest increases were recorded for h-sections of of non-alloy steel (with a CAGR of +18.5%), while shipments for the other products experienced more modest paces of growth.

In value terms, angles, shapes and sections (of iron or non-alloy steel) with the largest exports in Australia were h-sections of of non-alloy steel ($1.4M), i-sections of non-alloy steel ($1.2M) and u-sections of non-alloy steel ($999K), with a combined 76% share of total exports.

Among the main product categories, h-sections of of non-alloy steel, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

The average iron angle export price stood at $1,775 per ton in 2024, growing by 11% against the previous year. Overall, export price indicated a temperate increase from 2013 to 2024: its price increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, iron angle export price increased by +55.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $1,876 per ton. From 2016 to 2024, the average export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was iron or non-alloy steel; angles, shapes and sections, n.e.s. in heading no. 7216, hot-rolled, hot-drawn or extruded ($2,210 per ton), while the average price for exports of iron or non-alloy steel; l or t sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more ($1,162 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: iron or non-alloy steel; u, i or h sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm (+6.3%), while the prices for the other products experienced more modest paces of growth.

In 2024, the average iron angle export price amounted to $1,775 per ton, picking up by 11% against the previous year. In general, export price indicated a moderate expansion from 2013 to 2024: its price increased at an average annual rate of +4.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, iron angle export price increased by +55.1% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 44% against the previous year. As a result, the export price reached the peak level of $1,876 per ton. From 2016 to 2024, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($2,838 per ton), while the average price for exports to New Zealand ($1,187 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron angle market 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles