Australia: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Australia

For the third consecutive year, the Australian iron or steel leaf-spring market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Iron or steel leaf-spring consumption peaked in 2022 and is likely to see steady growth in years to come.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Australia

Iron or steel leaf-spring exports from Australia reduced remarkably to X tons in 2022, with a decrease of X% compared with 2021. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, iron or steel leaf-spring exports shrank to $X in 2022. Overall, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and South Africa (X tons) were the main destinations of iron or steel leaf-spring exports from Australia, with a combined X% share of total exports. Qatar, Papua New Guinea, the United States, Namibia, Thailand, Peru, the UK, India, Mongolia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel leaf-spring exported from Australia were Indonesia ($X), New Zealand ($X) and South Africa ($X), together comprising X% of total exports. Qatar, Papua New Guinea, the United States, Namibia, Thailand, Peru, the UK, India, Mongolia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Mongolia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a deep reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Australia

In 2022, approx. X tons of iron or steel leaf-springs and leaves were imported into Australia; with an increase of X% on 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel leaf-spring imports rose sharply to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of iron or steel leaf-spring imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to Australia were China ($X), Malaysia ($X) and Indonesia ($X), together accounting for X% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of X%, recorded 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 iron or steel leaf-spring import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel leaf-spring import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for Japan ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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