Dec 9, 2025IndexBox has just published a new report: Australia – Iron or Steel Wire Products – Market Analysis, Forecast, Size, Trends And Insights.The article provides a comprehensive analysis of Australia’s iron or steel wire product market. It details that in 2024, domestic consumption was 5.6K tons valued at $35M, showing a significant year-on-year increase but a long-term decline from 2013 peaks. Imports fell to 12K tons ($95M), with China, India, and Indonesia being the top suppliers. Exports dropped sharply to 6.3K tons ($12M), mainly to Thailand, China, and the US. The market forecast from 2024 to 2035 predicts growth, with volume expected to reach 12K tons (CAGR +7.2%) and value to hit $101M (CAGR +10.1%), driven by rising demand.Key FindingsMarket forecast to grow to 12K tons and $101M by 2035, with value CAGR of +10.1%2024 domestic consumption surged 76% in volume and 127% in value year-on-year but remains below 2013 peaksImports declined to 12K tons, with China, India, and Indonesia supplying 87% of the volumeExports fell sharply by 48.8% to 6.3K tons, with Thailand as the primary destinationAverage import price rose 35% to $7,984/ton, while export price increased 91% to $1,892/tonMarket ForecastDriven by rising demand for iron or steel wire product in Australia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +7.2% for the period from 2024 to 2035, which is projected to bring the market volume to 12K tons by the end of 2035.In value terms, the market is forecast to increase with an anticipated CAGR of +10.1% for the period from 2024 to 2035, which is projected to bring the market value to $101M (in nominal wholesale prices) by the end of 2035.ConsumptionAustralia’s Consumption of Iron or Steel Wire ProductsIn 2024, approx. 5.6K tons of iron or steel wire products were consumed in Australia; increasing by 76% against 2023 figures. In general, consumption, however, continues to indicate a abrupt decline. Iron or steel wire product consumption peaked at 24K tons in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.The size of the market for iron or steel wire products in Australia skyrocketed to $35M in 2024, increasing by 127% 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). Over the period under review, consumption, however, recorded a pronounced downturn. Over the period under review, the market hit record highs at $79M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.ImportsAustralia’s Imports of Iron or Steel Wire ProductsIn 2024, overseas purchases of iron or steel wire products decreased by -23.3% to 12K tons, falling for the second year in a row after four years of growth. In gene
