Australia and Oceania: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Australia and Oceania

The metal hot-worked helical spring market in Australia and Oceania fell to $X in 2021, which is down by -9.4% against the previous year. The total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +11.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Production of Iron or Steel Hot-Worked Helical Springs in Australia and Oceania

In value terms, metal hot-worked helical spring production dropped to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.9% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 31%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Australia and Oceania

After two years of decline, shipments abroad of iron or steel hot-worked helical springs increased by 72% to X tons in 2021. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 231%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 223%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was near 98% of total exports in 2021. New Zealand (X tons) took a relatively small share of total exports.

Australia was also the fastest-growing in terms of the iron or steel hot-worked helical springs exports, with a CAGR of +13.8% from 2012 to 2021. At the same time, New Zealand (+10.6%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest metal hot-worked helical spring supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +18.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2016 an increase of 26%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.3%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in supplies from abroad of iron or steel hot-worked helical springs, when their volume increased by 24% to X tons. Over the period under review, imports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) represented the major importer of iron or steel hot-worked helical springs, achieving 81% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 17% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal hot-worked helical spring imports into Australia stood at -5.9%. At the same time, New Zealand (+6.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.8% from 2012-2021. New Zealand (+11 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -12% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +3.1%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, rising by 3.4% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring import price increased by +114.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 68% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :