$194.3m
$XX.Xm
818
64
$XX.Xm
Revenue for the Non-Ferrous Metal Casting industry has increased over the past five years, driven by reduced import competition and rising input costs, which have been passed on to downstream markets. The industry has benefited from global supply chain disruptions during the COVID-19 pandemic, which have caused major shipping delays. Manufacturers have increasingly favoured local suppliers to boost their supply chains' reliability. Industry revenue is expected to grow at an annualised 4.6% over the five years through 2023-24, to $194.3 million. Rising world metal prices have increased input costs for the industry, reducing profit margins to an estimated 6.0% in the current year.Metal casters have capitalised on reduced import competition to pass on rising input costs to downstream customers and limit the effect on profit margins. The industry's input costs have risen significantly across all product segments, as pandemic-related supply chain disruptions and strong global demand have caused world metal prices to spike. The highest price increases have been for nickel, tin, bronze and magnesium. Nickel prices soared due to demand from battery manufacturers, which use the metal to produce batteries for smartphones and electric vehicles. A global tin shortage also contributed to higher prices. Most metal prices have started to ease in 2022-23, and metal casters are expected to pass on these savings to customers, leading to an anticipated 4.9% decline in industry revenue in the current year.Industry revenue is forecast to grow over the coming years despite short-term weakness in housing construction activity. Rising capital expenditure in the mining sector, spurred by strong commodity prices, is poised to underpin demand. Import competition is also set to remain weaker than pre-pandemic levels, as firms that switched to domestic suppliers during supply chain disruptions will to be slow to revert back to import markets. Overall, industry revenue is projected to grow at a sluggish 0.4% annualised over the next five years, to reach $197.8 million in 2028-29.
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $194.3m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
A.W.Bell Pty Ltd | 8.2 |
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Industry revenue is measured across several distinct product and services lines, including Cast and forged copper, Other non-ferrous metal castings and Zinc castings. Cast and forged copper is the largest segment of the Non-Ferrous Metal Casting in Australia.
Import competition and slowing housing construction have limited demand for cast and forged copper
Industry firms manufacture finished non-ferrous metal products by casting molten non-ferrous metals in moulds. The industry also includes companies that clean and finish non-ferrous castings. The term non-ferrous indicates metals other than iron and alloys that do not contain an appreciable amount of iron. The industry excludes aluminium smelting and casting.
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ANZSIC 2141 - Non-Ferrous Metal Casting in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Global supply chain disruptions have weakened import competition. Manufacturers have sought to shore up domestic supply chains to avoid soaring shipping costs and delays in d...
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Import competition is weakening as manufacturers have faced shipping delays. Amid global supply chain disruptions, manufacturers have increasingly favoured local suppliers to...
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AW Bell is a success story in the industry. While the industry is small and highly fragmented, the company has strong defence sector links and is seen as an innovative manufa...
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Global supply chain issues and rising world metal prices have increased industry revenue volatility. Supply chain issues encouraged many domestic manufacturers to substitute ...
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Soaring world metal prices have led to rising input costs. The cost of inputs across all the industry's product segments increased, particularly products using nickel, tin an...
Including values and annual change:
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The market size of the Non-Ferrous Metal Casting industry in Australia is $194.3m in 2024.
There are 64 businesses in the Non-Ferrous Metal Casting industry in Australia, which has grown at a CAGR of 2.0 % between 2018 and 2023.
The market size of the Non-Ferrous Metal Casting industry in Australia has been growing at a CAGR of 4.6 % between 2018 and 2023.
Over the next five years, the Non-Ferrous Metal Casting industry in Australia is expected to grow.
The biggest company operating in the Non-Ferrous Metal Casting market in Australia is A.W.Bell Pty Ltd
Cast and forged copper and Magnesium castings are part of the Non-Ferrous Metal Casting industry.
The company holding the most market share in Australia is A.W.Bell Pty Ltd.
The level of competition is moderate and increasing in the Non-Ferrous Metal Casting industry in Australia.