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Australia - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSteel Spring Price in Australia - 2023
Contents:
- Steel Spring Price in Australia (CIF) - 2023
- Steel Spring Price in Australia (FOB) - 2023
- Steel Spring Imports in Australia
- Steel Spring Exports in Australia
Steel Spring Price in Australia (CIF) - 2023
In July 2023, the average steel spring import price amounted to $5,635 per ton, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in December 2022 an increase of 22% m-o-m. Over the period under review, average import prices hit record highs at $5,673 per ton in June 2023, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,228 per ton), while the price for Vietnam ($3,471 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Spring Price in Australia (FOB) - 2023
In July 2023, the average steel spring export price amounted to $7,839 per ton, which is down by -20.9% against the previous month. Over the period under review, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in May 2023 an increase of 19% m-o-m. The export price peaked at $11,143 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United Arab Emirates ($14,309 per ton), while the average price for exports to Qatar ($4,601 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Spring Imports in Australia
In 2022, the amount of steel springs and leaves for springs imported into Australia reduced to 23K tons, declining by -1.8% compared with 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, imports reached the peak of 23K tons, and then shrank slightly in the following year.
In value terms, steel spring imports rose remarkably to $103M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Steel Spring in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.8 | 14.9 | 23.9 | 23.7 | 17.0% |
United States | 9.9 | 8.9 | 11.3 | 12.9 | 9.2% |
Indonesia | 3.1 | 4.3 | 7.2 | 9.0 | 42.7% |
Germany | 6.8 | 6.3 | 8.3 | 8.6 | 8.1% |
Malaysia | 4.2 | 4.0 | 5.6 | 7.3 | 20.2% |
India | 2.8 | 2.8 | 5.2 | 6.8 | 34.4% |
Vietnam | 3.8 | 4.2 | 5.4 | 6.8 | 21.4% |
Thailand | 2.3 | 4.2 | 4.2 | 4.1 | 21.3% |
Japan | 4.4 | 3.7 | 4.6 | 3.9 | -3.9% |
France | 1.4 | 1.3 | 1.8 | 1.5 | 2.3% |
Others | 14.2 | 12.7 | 16.4 | 18.1 | 8.4% |
Total | 67.7 | 67.3 | 93.9 | 103 | 15.0% |
Top Suppliers of Steel Spring to Australia in 2022:
- China (4.8K tons)
- Indonesia (2.5K tons)
- Malaysia (2.4K tons)
- Vietnam (2.2K tons)
- India (2.1K tons)
- Germany (1.8K tons)
- Japan (1.3K tons)
- United States (1.2K tons)
- Thailand (1.2K tons)
- France (0.3K tons)
Steel Spring Exports in Australia
Steel spring exports from Australia reduced markedly to 2.6K tons in 2022, which is down by -27.3% compared with the year before. In general, exports saw a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by 87% against the previous year. As a result, the exports attained the peak of 3.5K tons, and then reduced rapidly in the following year.
In value terms, steel spring exports contracted to $26M in 2022. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 69%. As a result, the exports attained the peak of $28M, and then contracted in the following year.
Export of Steel Spring in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 14.1 | 7.8 | 12.0 | 10.5 | -9.4% |
United Kingdom | 1.3 | 0.6 | 1.6 | 2.3 | 20.9% |
New Zealand | 1.1 | 1.2 | 2.2 | 2.3 | 27.9% |
United Arab Emirates | 1.5 | 1.1 | 0.8 | 1.0 | -12.6% |
Indonesia | 0.8 | 0.9 | 1.2 | 0.9 | 4.0% |
Thailand | 0.9 | 0.7 | 1.1 | 0.8 | -3.9% |
Belgium | 0.5 | 0.5 | 1.2 | 0.6 | 6.3% |
South Africa | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
Papua New Guinea | 0.9 | 0.4 | 0.5 | 0.5 | -17.8% |
Peru | N/A | N/A | 0.2 | 0.5 | 150.0% |
Qatar | N/A | N/A | 0.4 | 0.4 | 0.0% |
Saudi Arabia | 0.6 | 0.5 | 0.6 | 0.3 | -20.6% |
Others | 2.3 | 2.6 | 6.5 | 5.0 | 29.5% |
Total | 24.1 | 16.8 | 28.4 | 25.7 | 2.2% |
Top Export Markets for Steel Spring from Australia in 2022:
- United States (929.0 tons)
- New Zealand (260.3 tons)
- United Kingdom (214.7 tons)
- Indonesia (181.6 tons)
- South Africa (100.0 tons)
- United Arab Emirates (88.1 tons)
- Thailand (77.6 tons)
- Qatar (58.5 tons)
- Papua New Guinea (57.8 tons)
- Belgium (53.7 tons)
- Peru (50.7 tons)
- Saudi Arabia (29.6 tons)
This report provides an in-depth analysis of the steel spring market in Australia. 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
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the steel spring market in Australia.
This report provides an in-depth analysis of the market for metal hot-worked helical spring in Australia.
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This report provides an in-depth analysis of the global steel spring market.
This report provides an in-depth analysis of the global market for metal hot-worked helical spring.
This report provides an in-depth analysis of the global market for iron or steel leaf-spring and leave.
This report provides an in-depth analysis of the global market for metal spiral or discs spring.
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