Australia and Oceania: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Australia and Oceania

The market for iron or steel flat spiral or discs springs in Australia and Oceania shrank modestly to $X in 2023, stabilizing at the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Australia and Oceania

In value terms, metal spiral or discs spring production reached $X in 2023 estimated in export price. The total production indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Australia and Oceania

In 2023, the amount of iron or steel flat spiral or discs springs exported in Australia and Oceania surged to X tons, with an increase of X% compared with the previous year. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports soared to $X in 2023. Over the period under review, exports continue to indicate slight growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal spiral or discs spring exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest metal spiral or discs spring supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, metal spiral or discs spring exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Australia and Oceania

In 2023, approx. X tons of iron or steel flat spiral or discs springs were imported in Australia and Oceania; reducing by X% against the year before. Over the period under review, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports fell to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

Australia prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports. Fiji (X tons), Papua New Guinea (X tons), Solomon Islands (X tons) and New Caledonia (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal spiral or discs spring imports into Australia stood at X%. At the same time, Solomon Islands (X%), New Caledonia (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Fiji (X%) and New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia, Solomon Islands and Papua New Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

In Australia, metal spiral or discs spring imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform