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Brazil - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Brazil - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 17, 2023

Steel Spring Price in Brazil Slumps to $7,253 per Ton

Brazil Steel Spring Import Price in February 2023

In February 2023, the steel spring price amounted to $7,253 per ton (CIF, Brazil), shrinking by -13.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $8,728 per ton. From January 2023 to February 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($26,095 per ton), while the price for Turkey ($1,857 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Steel Spring in Brazil (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
United States14,77222,36814,58313,12816,77615,16520,49933,60621,34621,79827,78116,44926,095
Canada14,06713,63315,41712,77413,95810,48615,62013,05613,31714,42414,42412,74310,969
Germany11,14511,47011,69411,39613,98913,30110,92611,72011,18112,86914,39115,06910,771
France6,7797,8499,3009,0337,44410,5007,8097,5167,2747,80113,0868,10310,521
South Korea6,1058,3707,5198,03011,1136,3476,3878,6236,0586,4498,4677,7787,781
Japan9,3969,72510,74710,41013,40610,8617,2269,3359,4786,39814,9348,3477,645
Thailand13,70014,23415,13012,07814,03010,82720,48112,12310,19510,1647,6857,4167,553
China4,7495,6725,7674,9245,3894,7775,1234,7134,4334,7375,9244,0774,162
ColombiaN/A2,8392,8412,8772,82613,3162,8432,842N/A2,5642,5622,5623,985
Czech Republic4,1233,5524,3674,2704,6213,8124,8014,2833,8844,1434,2145,7443,937
Spain3,3733,4533,2763,4883,7143,3753,3833,2923,2543,2443,0113,7773,385
Romania2,2322,4122,4382,5992,3452,3342,4982,3552,3542,4522,7212,3582,405
Turkey2,0152,4162,5634,4602,7072,1715,1472,0973,0982,5941,89211,3871,857
Average7,4737,6097,9647,5828,2417,1517,4547,2217,2007,0258,7288,3647,253

Brazil Steel Spring Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was iron or steel flat spiral or discs springs ($13,642 per ton), while the price for iron or steel leaf-springs and leaves ($3,153 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by metal spiral or discs spring (+2.2%), while the prices for the other products experienced a decline.

Brazil Steel Spring Imports

In February 2023, steel spring imports into Brazil declined to 1.1K tons, reducing by -5.9% against January 2023. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 with an increase of 37% m-o-m.

In value terms, steel spring imports dropped sharply to $7.6M (IndexBox estimates) in February 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when imports increased by 31% month-to-month.

Brazil Steel Spring Imports by Type

Iron or steel hot-worked helical springs (488 tons), iron or steel leaf-springs and leaves (389 tons) and iron or steel flat spiral or discs springs (178 tons) were the main products of steel spring imports to Brazil.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by iron or steel leaf-spring (with a CAGR of +1.4%), while imports for the other products experienced a decline.

In value terms, the most traded types of steel springs and leaves for springs in Brazil were iron or steel hot-worked helical springs ($4M), iron or steel flat spiral or discs springs ($2.4M) and iron or steel leaf-springs and leaves ($1.2M).

Brazil Steel Spring Imports by Country

China (232 tons), Spain (175 tons) and Germany (101 tons) were the main suppliers of steel spring imports to Brazil, together comprising 48% of total imports. These countries were followed by Japan, the Czech Republic, Turkey, the United States, Thailand, South Korea, France, Romania, Canada and Colombia, which together accounted for a further 40%.

From February 2022 to February 2023, the biggest increases were in Thailand (with a CAGR of +8.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel spring suppliers to Brazil were the United States ($1.3M), Germany ($1.1M) and China ($965K), together comprising 44% of total imports. These countries were followed by Spain, Japan, France, Thailand, South Korea, Canada, the Czech Republic, Turkey, Colombia and Romania, which together accounted for a further 37%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +4.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel spring market in Brazil. 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:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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