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

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

In 2022, the New Zealand iron or steel leaf-spring market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from New Zealand

In 2022, shipments abroad of iron or steel leaf-springs and leaves decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, iron or steel leaf-spring exports shrank to $X in 2022. Over the period under review, exports, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

China (X tons) was the main destination for iron or steel leaf-spring exports from New Zealand, with a X% share of total exports. Moreover, iron or steel leaf-spring exports to China exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Brazil (X% per year).

In value terms, China ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a resilient 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. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Brazil ($X per ton), while the average price for exports to Vanuatu ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (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 New Zealand

In 2022, overseas purchases of iron or steel leaf-springs and leaves decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, iron or steel leaf-spring imports rose markedly to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Australia (X tons) and China (X tons) were the main suppliers of iron or steel leaf-spring imports to New Zealand, together comprising X% of total imports. India, Indonesia, the United States, Malaysia, Germany, Canada, Japan, Belgium and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to New Zealand were Italy ($X), Australia ($X) and China ($X), with a combined X% share of total imports. India, Indonesia, the United States, Malaysia, Germany, Canada, Japan, Belgium and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, 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 iron or steel leaf-spring import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Canada ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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