Australia's export prices fell by 0.9% on quarter in the three months to December 2022, following a 3.6% drop in the three months to September. This was the second straight decrease due to a global economic slowdown, lower commodity prices, and weak demand from China under Covid-19 restrictions. Main contributors to the decline were: coal, coke, and briquettes (-7.8%) because of price fall for both thermal and metallurgical coal; metalliferous ores and metal scrap (-0.9%) because of weak Chinese iron ore demand; petroleum and petroleum products (-7.5%) because of world's low oil demand; and meat and meat preparations (-3.0%). The decrease was partially offset by cereals and cereal preparations (+8.1%); crude fertilizers and crude minerals (+11.6%); and gold, non-monetary (+4.3%), on hopes inflation has peaked. Through the year to Q4, export prices advanced by 20.5%, easing from a 25.9% gain in Q3. source: Australian Bureau of Statistics
Export Prices in Australia averaged 62.13 points from 1974 until 2022, reaching an all time high of 190.40 points in the second quarter of 2022 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 March of 2023.
Export Prices in Australia is expected to be 179.72 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 172.56 points in 2024 and 175.14 points in 2025, according to our econometric models.