Australia's export prices increased by 6.2% on quarter in Q3 2021, slowing from a 13.2% gain in Q2. This was the fourth straight quarter of rises but the softest pace since Q4 2020, amid resurgence COVID-19 infections in some countries. Main contributors to the rise were: coal, coke, and briquettes (48.1%), driven by surging global demand for thermal and coking coals; gas, natural and manufactured (39.5%), due to the rise in oil-linked contracts capturing the continued oil price rises in 2021;non-ferrous metals (17.1%), through increased manufacturing demand as pandemic restrictions ease and economic activity increases; meat and meat preparations (10.3%), due to strong demand for beef and constrained global supply, and petroleum, petroleum products and related materials (12.0%), driven by global oil demand and constrained global supply. Meanwhile, the main offsetting contributor was metalliferous ores and metal scrap (12.8%), driven by the fall in demand for iron ore from China. source: Australian Bureau of Statistics
Export Prices in Australia averaged 58.66 points from 1974 until 2021, reaching an all time high of 137.30 points in the second quarter of 2021 and a record low of 16.30 points in the third quarter of 1974. This page provides the latest reported value for - Australia Export Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Export Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Export Prices in Australia is expected to be 140.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Export Prices is projected to trend around 108.00 points in 2022, according to our econometric models.