Australia and Oceania: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Australia and Oceania

The metal spring washer market in Australia and Oceania contracted slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Metal Spring Washer Production in Australia and Oceania

In value terms, metal spring washer production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Metal Spring Washer Exports

Exports in Australia and Oceania

In 2022, shipments abroad of iron or steel spring washers increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal spring washer exports shrank dramatically to $X in 2022. Overall, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal spring washer exports from Australia stood at X%. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. Australia (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%).

Metal Spring Washer Imports

Imports in Australia and Oceania

In 2022, purchases abroad of iron or steel spring washers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports expanded slightly to $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by New Zealand (X tons), creating a X% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal spring washer imports into Australia stood at X%. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel spring washers in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, metal spring washer imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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