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 rose sharply to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Iron or Steel Leaf-Springs and Leaves

In value terms, iron or steel leaf-spring production expanded markedly to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports

In 2023, global exports of iron or steel leaf-springs and leaves stood at X tons, almost unchanged from the previous year. In general, exports showed a slight increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports reached $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

Mexico (X tons) and China (X tons) represented roughly X% of total exports in 2023. Indonesia (X tons) took the next position in the ranking, followed by Spain (X tons) and Turkey (X tons). All these countries together took approx. X% share of total exports. Germany (X tons), the United States (X tons), Canada (X tons), India (X tons), Tunisia (X tons), Belgium (X tons), Austria (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for 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 2023, together accounting for X% of global exports. Spain, Canada, Turkey, Indonesia, Belgium, the United States, Austria, Tunisia, India and Romania lagged somewhat behind, together accounting for a further X%.

In terms of 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

In 2023, the average iron or steel leaf-spring export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, 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

Global iron or steel leaf-spring imports fell modestly to X tons in 2023, approximately reflecting the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports rose modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) was the major importer of iron or steel leaf-springs and leaves, committing X% of total imports. It was distantly followed by Germany (X tons), making up a X% share of total imports. The following importers - Japan (X tons), Poland (X tons), the Netherlands (X tons), Thailand (X tons), Italy (X tons), Canada (X tons), Belgium (X tons), Australia (X tons), Russia (X tons), France (X tons) and Mexico (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to iron or steel leaf-spring imports into the United States stood at X%. At the same time, Canada (X%), Poland (X%), Thailand (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France, Australia and Japan experienced a relatively flat trend pattern. By contrast, Belgium (X%), Russia (X%), Germany (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) and Canada (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Mexico (X p.p.), Germany (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($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 increased at an average annual rate of X% over the period from 2012-2023. 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

In 2023, the average iron or steel leaf-spring import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform