MERCOSUR: Steel Spring Market 2024

Steel Spring Market Size in MERCOSUR

The MERCOSUR steel spring market was estimated at $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Steel Spring Production in MERCOSUR

In value terms, steel spring production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Steel Spring Exports

Exports in MERCOSUR

In 2022, shipments abroad of steel springs and leaves for springs increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, steel spring exports rose sharply to $X in 2022. Overall, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the key exporter of steel springs and leaves for springs in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X tons), creating a X% share of total exports. Peru (X tons) and Argentina (X tons) took a minor share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of steel springs and leaves for springs. Colombia experienced a relatively flat trend pattern. Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest steel spring supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Steel Spring Imports

Imports in MERCOSUR

In 2022, the amount of steel springs and leaves for springs imported in MERCOSUR surged to X tons, picking up by X% compared with the year before. Total imports indicated a mild 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, steel spring imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) and Colombia (X tons) represented the key importers of steel springs and leaves for springs in MERCOSUR, together committing X% of total imports. Argentina (X tons) took the next position in the ranking, followed by Chile (X tons) and Peru (X tons). All these countries together took approx. X% share of total imports. The following importers - Ecuador (X tons) and Paraguay (X tons) - together made up X% of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported steel springs and leaves for springs in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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