Australia's export prices jumped by 13.2 percent on quarter in Q2 2021, after an 11.2 percent gain in Q4. This was the third straight quarter of rises and the steepest pace since Q4 2016, as a recovery from the COVID-19 hit accelerated. Main contributors to the rise were: metalliferous ores and metal scrap (18.5%), driven by the demand for iron ore from China and constrained global supply; coal, coke, and briquettes (15.6%), amid the demand for thermal coal for household power production in Asia; gas, natural and manufactured (14.6%), due to the oil-linked contracts capturing the continued rise in oil prices in early 2021; petroleum, petroleum products and related materials (12%), led by stronger oil demand and reduced global supply; and meat and meat preparations (10.1%), due to constrained global meat supply driving price rises across both beef and lamb. 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 July of 2021.
Export Prices in Australia is expected to be 112.00 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.