Australia and Oceania: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Australia and Oceania

The metal self-locking nut market in Australia and Oceania was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Self-Locking Nut Production in Australia and Oceania

In value terms, metal self-locking nut production dropped to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +74.6% against 2013 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Metal Self-Locking Nut Exports

Exports in Australia and Oceania

In 2021, shipments abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 130%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal self-locking nut exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Australia prevails in exports structure, amounting to 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 nuts (including self-locking nuts) exports, with a CAGR of +11.0% from 2012 to 2021. New Zealand (-6.9%) illustrated a downward trend over the same period. Australia (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -6.8% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest metal self-locking nut supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +7.5%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 24%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 New Zealand (+7.7%).

Metal Self-Locking Nut Imports

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in supplies from abroad of iron or steel nuts (including self-locking nuts), when their volume increased by 8.2% to X tons. Over the period under review, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of 29% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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) was the key importer of iron or steel nuts (including self-locking nuts), committing 81% of total imports. It was distantly followed by New Zealand (X tons), comprising a 17% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal self-locking nut imports into Australia stood at -6.6%. At the same time, New Zealand (+4.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.1% from 2012-2021. New Zealand (+9.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -9.8% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

In Australia, metal self-locking nut imports increased at an average annual rate of +2.5% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 25% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2018 when the import price increased by 41% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.7%).

Source: IndexBox Platform

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