New Zealand: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in New Zealand

In 2021, the New Zealand metal hot-worked helical spring market increased by 11% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in New Zealand

In value terms, metal hot-worked helical spring production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when the production volume increased by 43% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel hot-worked helical springs, when their volume increased by 26% to X tons. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 149% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 when exports increased by 54%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for metal hot-worked helical spring exports from New Zealand, with a 43% share of total exports. Moreover, metal hot-worked helical spring exports to China exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +200.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-4.1% per year) and Thailand (+29.5% per year).

In value terms, China ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from New Zealand, comprising 43% of total exports. The second position in the ranking was taken by Australia ($X), with a 15% share of total exports. It was followed by Thailand, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +185.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-18.1% per year) and Thailand (+17.3% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, declining by -7.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Thailand ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into New Zealand

In 2021, purchases abroad of iron or steel hot-worked helical springs increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 27% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 +70.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 24%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Australia (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of metal hot-worked helical spring imports to New Zealand, together comprising 64% of total imports. These countries were followed by China, Japan, the UK, Italy and Singapore, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Germany ($X) constituted the largest metal hot-worked helical spring suppliers to New Zealand, with a combined 64% share of total imports. China, Japan, the UK, Italy and Singapore lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Singapore, with a CAGR of +27.3%, 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

The average metal hot-worked helical spring import price stood at $X per ton in 2021, growing by 4.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and Italy ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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