World - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spiral or Discs Spring Market
The article discusses the rising demand for metal spiral or discs spring worldwide, projecting a CAGR of +1.2% in volume and +3.3% in value from 2022 to 2030. It highlights the largest consumers and producers of these products, such as China, the United States, and India. Trends in imports and exports are also analyzed, with Italy showing significant growth in imports. The market saw fluctuations in consumption, production, import prices, and export prices over the years, with various countries experiencing different growth rates. Germany remains the largest supplier of metal spiral or discs spring, with the United States and China following closely behind.
Market Forecast
Driven by rising demand for metal spiral or discs spring worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 1.8M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $15.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Iron or Steel Flat Spiral or Discs Springs
Global metal spiral or discs spring consumption fell to 1.7M tons in 2022, shrinking by -6.4% compared with 2021 figures. In general, consumption recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 when the consumption volume increased by 6.2%. Global consumption peaked at 1.9M tons in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
The revenue of the market for iron or steel flat spiral or discs springs worldwide dropped modestly to $12B in 2022, declining by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $12.6B in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The country with the largest volume of metal spiral or discs spring consumption was China (459K tons), comprising approx. 28% of total volume. Moreover, metal spiral or discs spring consumption in China exceeded the figures recorded by the second-largest consumer, the United States (181K tons), threefold. India (163K tons) ranked third in terms of total consumption with a 9.9% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to -1.5%. In the other countries, the average annual rates were as follows: the United States (+1.5% per year) and India (+0.6% per year).
In value terms, the largest metal spiral or discs spring markets worldwide were Japan ($2.6B), China ($1.8B) and the United States ($1.7B), with a combined 50% share of the global market. Germany, India, Mexico, Brazil, Canada, South Korea, Estonia, Italy, Indonesia and the UK lagged somewhat behind, together accounting for a further 33%.
Among the main consuming countries, Italy, with a CAGR of +11.8%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of metal spiral or discs spring per capita consumption was registered in Estonia (22 kg per person), followed by Italy (2 kg per person), Germany (1.3 kg per person) and South Korea (0.7 kg per person), while the world average per capita consumption of metal spiral or discs spring was estimated at 0.2 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the metal spiral or discs spring per capita consumption in Estonia was relatively modest. In the other countries, the average annual rates were as follows: Italy (+7.5% per year) and Germany (-4.6% per year).
Production
World Production of Iron or Steel Flat Spiral or Discs Springs
Global metal spiral or discs spring production contracted to 1.6M tons in 2022, with a decrease of -9.3% on the previous year. Over the period under review, production showed a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 5.1% against the previous year. Global production peaked at 1.9M tons in 2017; however, from 2018 to 2022, production remained at a lower figure.
In value terms, metal spiral or discs spring production contracted modestly to $11.5B in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 8.5%. Global production peaked at $12.6B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (499K tons) constituted the country with the largest volume of metal spiral or discs spring production, comprising approx. 32% of total volume. Moreover, metal spiral or discs spring production in China exceeded the figures recorded by the second-largest producer, the United States (171K tons), threefold. India (160K tons) ranked third in terms of total production with a 10% share.
In China, metal spiral or discs spring production declined by an average annual rate of -1.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.0% per year) and India (+1.0% per year).
Imports
World Imports of Iron or Steel Flat Spiral or Discs Springs
In 2022, overseas purchases of iron or steel flat spiral or discs springs increased by 17% to 320K tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, metal spiral or discs spring imports reduced to $2B in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports attained the peak of $2B, and then declined slightly in the following year.
Imports By Country
In 2022, Italy (80K tons) represented the major importer of iron or steel flat spiral or discs springs, constituting 25% of total imports. The United States (25K tons) ranks second in terms of the total imports with a 7.7% share, followed by Germany (4.7%) and the UK (4.7%). Poland (13K tons), the Netherlands (13K tons), Canada (11K tons), Mexico (9.6K tons), Malaysia (8.8K tons), Thailand (7.5K tons), India (7.1K tons), the Czech Republic (7K tons) and Slovakia (6.5K tons) followed a long way behind the leaders.
Italy was also the fastest-growing in terms of the iron or steel flat spiral or discs springs imports, with a CAGR of +23.7% from 2012 to 2022. At the same time, the Netherlands (+8.3%), Malaysia (+7.3%), Germany (+3.5%), Slovakia (+3.5%) and the United States (+2.7%) displayed positive paces of growth. Canada and the UK experienced a relatively flat trend pattern. By contrast, Thailand (-2.0%), Poland (-2.5%), Mexico (-3.9%), India (-5.8%) and the Czech Republic (-6.2%) illustrated a downward trend over the same period. While the share of Italy (+21 p.p.) and the Netherlands (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Poland (-2.2 p.p.), Mexico (-2.3 p.p.), India (-2.6 p.p.) and the Czech Republic (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest metal spiral or discs spring importing markets worldwide were the United States ($177M), Germany ($161M) and Poland ($102M), with a combined 22% share of global imports. Thailand, India, Mexico, Canada, the Czech Republic, the UK, Malaysia, Italy, Slovakia and the Netherlands lagged somewhat behind, together accounting for a further 32%.
Malaysia, with a CAGR of +5.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for iron or steel flat spiral or discs springs stood at $6,092 per ton in 2022, shrinking by -15.5% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 7.9% against the previous year. Over the period under review, average import prices attained the peak figure at $7,362 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($12,563 per ton), while Italy ($682 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Iron or Steel Flat Spiral or Discs Springs
In 2022, global metal spiral or discs spring exports reduced modestly to 227K tons, remaining relatively unchanged against the year before. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 31%. As a result, the exports reached the peak of 266K tons. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.
In value terms, metal spiral or discs spring exports dropped to $2B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of $2B, and then fell modestly in the following year.
Exports By Country
The shipments of the three major exporters of iron or steel flat spiral or discs springs, namely China, Germany and Poland, represented more than third of total export. It was distantly followed by the United States (15K tons), Italy (14K tons) and the Czech Republic (10K tons), together creating a 17% share of total exports. The Netherlands (9.6K tons), Thailand (6.5K tons), Spain (6K tons), Turkey (5.7K tons), France (5.5K tons), Romania (5.1K tons) and Taiwan (Chinese) (5.1K tons) took a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +26.4%), while the other global leaders experienced more modest paces of growth.
In value terms, Germany ($479M) remains the largest metal spiral or discs spring supplier worldwide, comprising 24% of global exports. The second position in the ranking was held by the United States ($218M), with an 11% share of global exports. It was followed by China, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the United States (+4.1% per year) and China (+9.7% per year).
Export Prices By Country
The average export price for iron or steel flat spiral or discs springs stood at $8,764 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,848 per ton in 2021, and then dropped modestly in the following year.
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 the United States ($15,031 per ton), while the Netherlands ($2,970 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for metal spiral or discs spring. 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 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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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.
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...
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...