The value-added of fabricated metal products in Australia has shown a dynamic trend over the past decade. Starting from 11.11 billion AUD in 2013, the sector experienced a decline until 2015, but stabilized and began to grow from 2017 onward. By 2023, the value-added reached 16.07 billion AUD, representing a solid recovery and sustained growth. The year-on-year growth rates have varied, with a noticeable improvement from 2019 onwards, reaching 6.71% in 2023. The compounded annual growth rate (CAGR) over the last five years has been 7.97%, a strong indicator of sector vitality.
Future trends to watch:
- Technological advancements in manufacturing and fabrication processes.
- Demand fluctuations driven by key sectors such as construction and automotive.
- Import-export dynamics influenced by global trade policies and tariffs.
Forecasts indicate continued growth, with the value-added expected to reach 20.93 billion AUD by 2028, supported by a forecasted 5-year CAGR of 4.16%.
