India - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSteel Spring Price in India - 2023
Contents:
- Steel Spring Price in India (CIF) - 2023
- Steel Spring Price in India (FOB) - 2023
- Steel Spring Imports in India
- Steel Spring Exports in India
Steel Spring Price in India (CIF) - 2023
The average steel spring import price stood at $8,348 per ton in July 2023, falling by -12.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 26% m-o-m. As a result, import price attained the peak level of $11,364 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($27,423 per ton), while the price for Indonesia ($2,013 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 Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Spring Price in India (FOB) - 2023
The average steel spring export price stood at $2,525 per ton in July 2023, increasing by 2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. The export price peaked at $2,598 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($4,859 per ton), while the average price for exports to the United Arab Emirates ($1,456 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 States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Spring Imports in India
In 2022, the amount of steel springs and leaves for springs imported into India reduced to 15K tons, which is down by -11.2% on the previous year. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of 17K tons, and then contracted in the following year.
In value terms, steel spring imports expanded notably to $146M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel Spring in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.3 | 21.6 | 29.4 | 32.6 | 10.3% |
| China | 18.6 | 15.9 | 21.0 | 18.7 | 0.2% |
| Japan | 13.6 | 11.2 | 13.9 | 14.8 | 2.9% |
| South Korea | 9.2 | 7.3 | 10.0 | 12.2 | 9.9% |
| United States | 11.9 | 9.3 | 11.6 | 11.8 | -0.3% |
| United Kingdom | 6.0 | 4.6 | 6.1 | 6.8 | 4.3% |
| Hong Kong SAR | 6.3 | 6.8 | 6.2 | 6.8 | 2.6% |
| Thailand | 3.5 | 3.5 | 4.8 | 5.4 | 15.6% |
| Italy | 4.1 | 2.8 | 4.4 | 4.8 | 5.4% |
| France | 3.6 | 2.5 | 3.8 | 4.3 | 6.1% |
| Indonesia | 1.5 | 2.5 | 2.8 | 3.8 | 36.3% |
| Belgium | 3.1 | 3.1 | 1.4 | 2.0 | -13.6% |
| Spain | 0.8 | 1.0 | 1.5 | 2.0 | 35.7% |
| Others | 17.0 | 13.8 | 17.5 | 19.9 | 5.4% |
| Total | 124 | 106 | 134 | 146 | 5.6% |
Top Suppliers of Steel Spring to India in 2022:
- Germany (3.9K tons)
- China (3.6K tons)
- Indonesia (1.5K tons)
- Japan (1.1K tons)
- South Korea (1.1K tons)
- Spain (0.6K tons)
- France (0.5K tons)
- Thailand (0.5K tons)
- United States (0.4K tons)
- United Kingdom (0.3K tons)
- Belgium (0.3K tons)
- Italy (0.2K tons)
- Hong Kong SAR (0.2K tons)
Steel Spring Exports in India
For the fourth year in a row, India recorded growth in shipments abroad of steel springs and leaves for springs, which increased by 1.4% to 43K tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, steel spring exports shrank slightly to $93M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $93M, leveling off in the following year.
| Export of Steel Spring in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 10.9 | 19.7 | 20.8 | 25.6% |
| Netherlands | 3.9 | 3.7 | 5.2 | 7.3 | 23.2% |
| United Arab Emirates | 5.2 | 4.6 | 6.4 | 5.8 | 3.7% |
| Australia | 2.8 | 3.4 | 4.6 | 5.7 | 26.7% |
| United Kingdom | 3.2 | 3.2 | 5.5 | 5.2 | 17.6% |
| Germany | 4.0 | 7.8 | 7.2 | 5.1 | 8.4% |
| Nepal | 4.3 | 3.0 | 5.6 | 4.9 | 4.5% |
| Poland | 2.1 | 3.0 | 4.6 | 4.4 | 28.0% |
| Canada | 1.2 | 1.0 | 2.7 | 2.7 | 31.0% |
| Belgium | 2.7 | 1.9 | 3.1 | 2.3 | -5.2% |
| South Africa | 1.7 | 1.0 | 1.8 | 1.8 | 1.9% |
| Bangladesh | 1.6 | 0.9 | 1.5 | 1.4 | -4.4% |
| Sudan | 0.7 | 0.8 | 0.7 | 0.7 | 0.0% |
| Others | 20.6 | 16.2 | 24.8 | 24.6 | 6.1% |
| Total | 64.6 | 61.4 | 93.2 | 92.7 | 12.8% |
Top Export Markets for Steel Spring from India in 2022:
- United States (7.2K tons)
- Netherlands (6.2K tons)
- United Arab Emirates (3.8K tons)
- Poland (3.2K tons)
- Nepal (3.2K tons)
- United Kingdom (2.4K tons)
- Australia (2.2K tons)
- Germany (2.1K tons)
- Belgium (1.5K tons)
- South Africa (0.8K tons)
- Canada (0.7K tons)
- Bangladesh (0.7K tons)
- Sudan (0.5K tons)
This report provides an in-depth analysis of the steel spring market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
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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
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This report provides an in-depth analysis of the steel spring market in India.
342
This report provides an in-depth analysis of the market for metal hot-worked helical spring in India.
238
This report provides an in-depth analysis of the market for iron or steel leaf-spring and leave in India.
251
This report provides an in-depth analysis of the market for metal spiral or discs spring in India.
161
This report provides an in-depth analysis of the market for iron or steel leaf-spring in India.
1421
This report provides an in-depth analysis of the global steel spring market.
488
This report provides an in-depth analysis of the global market for metal hot-worked helical spring.
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This report provides an in-depth analysis of the global market for iron or steel leaf-spring and leave.
349
This report provides an in-depth analysis of the global market for metal spiral or discs spring.
366
This report provides an in-depth analysis of the global market for iron or steel leaf-spring.
168
In March 2023, the growth rate for Steel Spring imports reached its highest point with a month-on-month increase of 34%. However, by October 2023, the value of Steel Spring imports had declined to $10M.
181
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
1028
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
1439
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
168
In March 2023, the growth rate for Steel Spring imports reached its highest point with a month-on-month increase of 34%. However, by October 2023, the value of Steel Spring imports had declined to $10M.
181
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
1028
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
1439
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
