Japan - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJapan's November 2023 Exports of Steel Springs Decrease by 8% to $29M
Japan Steel Spring Exports
Steel spring exports from Japan dropped to 2.4K tons in November 2023, which is down by -9.1% on the previous month. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 with an increase of 24% m-o-m.
In value terms, steel spring exports dropped to $29M (IndexBox estimates) in November 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when exports increased by 17% month-to-month. As a result, the exports attained the peak of $32M. From January 2023 to November 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Steel Spring in Japan (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 7.0 | 7.2 | 4.0 | 5.2 | 7.1 | 6.5 | 5.3 | 6.3 | 6.5 | 7.1 | 7.1 | 8.4 | 7.9 |
| United States | 5.1 | 7.1 | 5.1 | 5.4 | 6.1 | 6.4 | 5.3 | 7.1 | 6.7 | 6.3 | 7.8 | 8.4 | 6.5 |
| Thailand | 2.6 | 3.2 | 2.7 | 2.9 | 2.7 | 3.0 | 2.2 | 3.0 | 2.9 | 2.5 | 3.3 | 2.7 | 2.8 |
| Mexico | 1.9 | 2.3 | 1.6 | 1.7 | 2.0 | 1.7 | 1.6 | 2.1 | 2.0 | 2.2 | 2.1 | 2.1 | 2.1 |
| Indonesia | 1.8 | 1.9 | 1.2 | 1.7 | 1.7 | 1.6 | 1.4 | 1.3 | 1.6 | 1.5 | 1.5 | 1.2 | 1.1 |
| South Korea | 0.7 | 0.9 | 1.2 | 0.9 | 1.2 | 0.8 | 0.6 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 |
| Russia | 0.3 | 0.1 | 0.4 | 0.3 | 0.2 | 0.7 | 0.3 | 0.3 | 0.1 | < 0.1 | N/A | N/A | N/A |
| Others | 8.3 | 9.7 | 7.1 | 7.9 | 7.7 | 8.8 | 7.5 | 7.4 | 8.7 | 8.1 | 8.3 | 8.3 | 7.9 |
| Total | 27.7 | 32.4 | 23.3 | 26.0 | 28.8 | 29.5 | 24.3 | 28.2 | 29.1 | 28.3 | 30.8 | 31.8 | 29.1 |
Exports by Country
The United States (798 tons) was the main destination for steel spring exports from Japan, with a 34% share of total exports. Moreover, steel spring exports to the United States exceeded the volume sent to the second major destination, China (294 tons), threefold. Thailand (219 tons) ranked third in terms of total exports with a 9.3% share.
From November 2022 to November 2023, the average monthly growth rate of volume to the United States amounted to +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+0.1% per month) and Thailand (+0.0% per month).
In value terms, the largest markets for steel spring exported from Japan were China ($7.9M), the United States ($6.5M) and Thailand ($2.8M), with a combined 59% share of total exports.
The United States, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Iron or steel hot-worked helical springs (1.7K tons) was the largest type of steel spring exported from Japan, with a 72% share of total exports. Moreover, iron or steel hot-worked helical springs exceeded the volume of the second product type, iron or steel leaf-springs and leaves (540 tons), threefold.
From November 2022 to November 2023, the average monthly growth rate of the volume of export of iron or steel hot-worked helical springs amounted to +1.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: iron or steel leaf-springs and leaves (-0.9% per month) and iron or steel flat spiral or discs springs (-2.5% per month).
In value terms, iron or steel hot-worked helical springs ($20M) remains the largest type of steel spring exported from Japan, comprising 69% of total exports. The second position in the ranking was held by iron or steel leaf-springs and leaves ($5.3M), with an 18% share of total exports.
From November 2022 to November 2023, the average monthly growth rate of the export volume of iron or steel hot-worked helical springs was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: iron or steel leaf-springs and leaves (+1.0% per month) and iron or steel flat spiral or discs springs (-1.5% per month).
Export Prices by Country
In November 2023, the steel spring price stood at $12,365 per ton (FOB, Japan), flattening at the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 11% against the previous month. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($26,784 per ton), while the average price for exports to Australia ($4,152 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the steel spring market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
