Australia: Market for Iron or Steel Flat Spiral or Discs Springs 2025

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

In 2021, after three years of growth, there was decline in the Australian market for iron or steel flat spiral or discs springs, when its value decreased by -2.5% to $X. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.8% against 2017 indices. Metal spiral or discs spring consumption peaked at $X in 2020, and then declined slightly in the following year.

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

In value terms, metal spiral or discs spring production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.7% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 35%. Metal spiral or discs spring production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Australia

In 2021, shipments abroad of iron or steel flat spiral or discs springs was finally on the rise to reach X tons after four years of decline. Overall, exports, however, faced a abrupt slump. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for metal spiral or discs spring exports from Australia, accounting for a 34% share of total exports. Moreover, metal spiral or discs spring exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.6% per year) and the Philippines (+75.4% per year).

In value terms, Spain ($X) emerged as the key foreign market for iron or steel flat spiral or discs springs exports from Australia, comprising 34% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by the Philippines, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.2% per year) and the Philippines (+49.0% per year).

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, surging by 1.5% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 155% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Australia

In 2021, supplies from abroad of iron or steel flat spiral or discs springs increased by 29% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a perceptible downturn. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal spiral or discs spring imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of metal spiral or discs spring imports to Australia, together accounting for 60% of total imports. New Zealand, Taiwan (Chinese), Japan, the UK, Italy, the Netherlands, Mexico and Sweden lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +40.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring suppliers to Australia were China ($X), the United States ($X) and Germany ($X), with a combined 61% share of total imports. These countries were followed by New Zealand, Taiwan (Chinese), Japan, the UK, Italy, the Netherlands, Mexico and Sweden, which together accounted for a further 27%.

Among the main suppliers, Mexico, with a CAGR of +29.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, falling by -3.5% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 64%. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and Italy ($X per ton), while the price for Sweden ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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