New Zealand: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in New Zealand

In 2021, the New Zealand market for iron or steel flat spiral or discs springs decreased by -4.4% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption, however, posted a modest increase. Metal spiral or discs spring consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in New Zealand

In value terms, metal spiral or discs spring production totaled $X in 2021 estimated in export price. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 276% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from New Zealand

In 2021, overseas shipments of iron or steel flat spiral or discs springs were finally on the rise to reach X tons after two years of decline. Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. Over the period under review, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for metal spiral or discs spring exports from New Zealand, with a 72% share of total exports. Moreover, metal spiral or discs spring exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.8% per year) and Thailand (+55.2% per year).

In value terms, Australia ($X) remains the key foreign market for iron or steel flat spiral or discs springs exports from New Zealand, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Thailand, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.2% per year) and Thailand (+25.9% 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, growing by 16% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Fiji ($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 Fiji (+18.9%), 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 New Zealand

In 2021, metal spiral or discs spring imports into New Zealand dropped markedly to X tons, which is down by -15.9% compared with the year before. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 12% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal spiral or discs spring supplier to New Zealand, with a 51% share of total imports. Moreover, metal spiral or discs spring imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Australia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and Australia (-10.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to New Zealand, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with an 8.8% share of total imports. It was followed by Australia, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.9% per year) and Australia (-1.9% per year).

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, rising by 50% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and Denmark ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and the UK ($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 (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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