Dec 8, 2025IndexBox has just published a new report: Australia – Iron and Steel Wire – Market Analysis, Forecast, Size, Trends and Insights.The article provides a comprehensive analysis of Australia’s iron and steel wire market for 2024, with a forecast to 2035. In 2024, market consumption fell to 136K tons ($200M), with imports at 140K tons ($143M) and exports at 3.7K tons ($7.7M). China is the dominant import supplier (32% share), while New Zealand is the primary export destination (83% share). The market is forecast to grow at a CAGR of +1.6% in volume and +3.1% in value through 2035, reaching 162K tons and $280M, respectively, driven by sustained demand.Key FindingsMarket forecast to grow to 162K tons ($280M) by 2035, with a decelerating CAGR of +1.6% in volume and +3.1% in value2024 saw a market contraction with consumption at 136K tons, down -6.6%, and market value at $200M, down -15.8%China is the leading import source, supplying 45K tons (32% share), followed by Malaysia and ThailandNew Zealand is the primary export destination, receiving 83% (3.1K tons) of Australia’s total iron and steel wire exportsImport price averaged $1,020/ton in 2024, while export price saw a significant 40% increase to $2,065/tonMarket ForecastDriven by increasing demand for iron and steel wire 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 +1.6% for the period from 2024 to 2035, which is projected to bring the market volume to 162K tons by the end of 2035.In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2024 to 2035, which is projected to bring the market value to $280M (in nominal wholesale prices) by the end of 2035.ConsumptionAustralia’s Consumption of Iron and Steel WireIn 2024, consumption of iron and steel wire decreased by -6.6% to 136K tons, falling for the second consecutive year after two years of growth. The total consumption volume increased at an average annual rate of +2.4% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume of 165K tons. From 2023 to 2024, the growth of the consumption remained at a lower figure.The size of the iron and steel wire market in Australia shrank rapidly to $200M in 2024, reducing by -15.8% 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, however, continues to indicate perceptible growth. As a result, consumption reached the peak level of $339M. From 2023 to 2024, the growth of the market remained at a lower figure.ImportsAustralia’s Imports of Iron and Steel WireIn 2024, supplies from abroad of iron and steel wire decreas
