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Report Australia and Oceania - Steel Springs and Leaves for Springs - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Steel Springs and Leaves for Springs - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Steel Spring Market 2024

Steel Spring Exports

Exports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in shipments abroad of steel springs and leaves for springs, when their volume increased by 83% to X tons. Total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, steel spring exports skyrocketed to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was near 93% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a 7.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to steel spring exports from Australia stood at +2.3%. At the same time, New Zealand (+3.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +3.4% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest steel spring supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was held by New Zealand ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +7.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -9.7% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 57% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%).

Steel Spring Imports

Imports in Australia and Oceania

In 2021, overseas purchases of steel springs and leaves for springs were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.7% 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.

In value terms, steel spring imports surged to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was approx. 89% of total imports in 2021. It was distantly followed by New Zealand (X tons), creating a 9% share of total imports.

Imports into Australia increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, New Zealand (+5.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.2% from 2012-2021. While the share of New Zealand (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported steel springs and leaves for springs in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +4.0%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with a decrease of -4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 when the import price increased by 34%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (+2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Australia remains the largest steel spring consuming country in Australia and Oceania, comprising approx. 94% of total volume. Moreover, steel spring consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand, more than tenfold.
In value terms, Australia remains the largest steel spring supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was occupied by New Zealand, with a 22% share of total exports.
In value terms, Australia constitutes the largest market for imported steel springs and leaves for springs in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was occupied by New Zealand, with an 8.3% share of total imports.
In 2021, the export price in Australia and Oceania amounted to $9,388 per ton, increasing by 89% against the previous year.
The import price in Australia and Oceania stood at $4,136 per ton in 2021, waning by -8.9% against the previous year.

This report provides an in-depth analysis of the steel spring market in Australia and Oceania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
  • Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
  • Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
  • Prodcom 25931631 - Iron or steel hot-worked helical springs
  • Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
  • Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
  • Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
  • Prodcom 25931653 - Iron or steel flat spiral springs
  • Prodcom 25931655 - Iron or steel discs springs
  • Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)

Country coverage:

  • Australia
  • Cook Islands
  • Fiji
  • French Polynesia
  • Kiribati
  • Marshall Islands
  • Micronesia
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tokelau
  • Tonga
  • Tuvalu
  • Vanuatu
  • Wallis and Futuna Islands
  • American Samoa
  • Nauru
  • Niue
  • Guam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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