Australia Steel Rebar Market To Reach $1.77 Billion By 2030

Australia Steel Rebar Market Growth & Trends

The Australia steel rebar market size is expected to reach USD 1.77 billion in 2030 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. Growth in non-residential construction is anticipated to push the rebar market demand in Australia.

Australia’s commercial construction has shown growth in the recent past mainly due to the construction spread in Tasmania, Western Australia, Southern Australia, and Queensland. New investment in hospital work, schools, office construction, warehouses, hotels, and leisure projects along with investment in high-rise buildings is projected to benefit the market growth in the short term.

Foreign direct investment (FDI) in Australia’s commercial sector is projected to remain a key long-term factor for industry growth. For instance, as reported by the Foreign Investment Review Board, Australia, FDI investment in commercial real estate has increased from USD 1.3 billion in the first quarter of 2020 to USD 2.4 billion in the first quarter of 2021. As per the same report, Queensland, Victoria, and New South Wales were the key areas that attracted new investments in 2019 - 20.

In the 2021 budget, the Australian government allocated substantial funds for infrastructure, which is projected to benefit the market growth over the coming years. As per the budget, nearly USD 15.2 billion is expected to be spent over the next 10 years for infrastructure expansion and related activities. States including Victoria, South Australia, and New South Wales additionally secured USD 9.5 billion of project investment for infrastructure expansion.

The market is expected to remain stable over 2022, as new owner and investor-occupier housing loan commitments remain higher from both 2020 and pre-pandemic levels. New owner-occupier housing loan commitments increased by 19.6% in 2021 from the previous year. Also, historically low loan rates are projected to remain stable in the near future, further driving housing credit demand. The fear of missing out the current reduced loan rates is anticipated to provide a boost to the industry over the short term.

The competitive environment in the country is largely dominated by the importers owing to a limited domestic production of rebar. China, Indonesia, and Thailand are among the major trade partners for the rebar commodity in Australia.

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Australia Steel Rebar Market Report Highlights

• In terms of application, Construction segment held a revenue share of over 49% in 2024 The construction industry is crucial to Australia’s economy, contributing approximately 8% to 9% of the GDP and playing a key role in job creation and infrastructure development.

• The infrastructure segment in Australia presents significant opportunities, driven by increasing investments in future transport and a commitment to decarbonization.

• NSW held the revenue share of almost 30.0% in 2024. The steel rebar market in New South Wales is driven by ongoing infrastructure and construction projects supported by government investments.

• The market is consolidated in nature, with Infrabuild being the sole producer of steel rebar in Australia. Imports from other countries such as China, Indonesia, and Thailand has further intensified competition in the Australia steel rebar industry

Australia Steel Rebar Market Segmentation

Grand View Research has segmented the Australia steel rebar market on the basis of application and region:

Australia Steel Rebar Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction

• Infrastructure

• Industrial

Australia Steel Rebar Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Australia

  • New South Wales

  • Victoria

  • Queensland

  • South Australia

  • Western Australia

List of Key Players in the Australia Steel Rebar Market

• Apex Steel

• AUSREO

• Australian Reinforcing Company

• Australian Steel Traders

• Best Bar

• Carrabay

• Infrabuild

• Newmann Steel Pty Ltd

• Reid

• Reozone

• Wire Industries