Overview of the Global Market for Iron or Steel Leaf-Springs and Leaves

Market Size for Iron or Steel Leaf-Springs and Leaves

The global iron or steel leaf-spring market reduced slightly to $X in 2022, leveling off at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Iron or Steel Leaf-Springs and Leaves

In value terms, iron or steel leaf-spring production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports

In 2022, global iron or steel leaf-spring exports reduced to X tons, waning by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, iron or steel leaf-spring exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons) and China (X tons) represented roughly X% of total exports in 2022. Indonesia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%). The United States (X tons), Turkey (X tons), Germany (X tons), India (X tons), Canada (X tons), Belgium (X tons), Tunisia (X tons), Austria (X tons) and Romania (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X), China ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Spain, Indonesia, Canada, Belgium, Turkey, the United States, India, Austria, Tunisia and Romania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 Germany ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Leaf-Springs and Leaves

Imports

In 2022, the amount of iron or steel leaf-springs and leaves imported worldwide shrank modestly to X tons, waning by X% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Germany (X tons), comprising a X% share of total imports. Japan (X tons), Thailand (X tons), Australia (X tons), Italy (X tons), the Netherlands (X tons), Poland (X tons), Mexico (X tons), Russia (X tons), Belgium (X tons), Canada (X tons) and Colombia (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of iron or steel leaf-springs and leaves. At the same time, Colombia (X%), Canada (X%), Poland (X%), Thailand (X%), Australia (X%) and Italy (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands, Mexico and Russia experienced a relatively flat trend pattern. By contrast, Japan (X%), Belgium (X%) and Germany (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the global imports, while Germany and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the United States, iron or steel leaf-spring imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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