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During the period analyzed, Suspension System imports reached a peak of 159K tons in 2013, but remained lower from 2014 to 2023. In terms of value, Suspension System imports surged to $1.4B in 2023.
Suspension System experienced its most rapid growth in January 2023 with a 67% increase compared to the previous month. However, import value decreased significantly to $1.2M in December 2023.
From June 2023 to October 2023, Suspension System exports experienced a modest growth, with exports reaching $206M in October 2023.
During the reviewed period, there was a significant increase in exports, with the suspension system reaching record highs in November 2023. In terms of value, the exports of suspension systems slightly rose to $58M during the same month.
In January 2023, the Suspension System witnessed a significant growth rate of 43% month-on-month. However, by August 2023, there was a notable decline in the value of suspension system exports, reaching $130M.
In September 2022, the import growth of Suspension System reached a remarkable pace, with a 219% increase compared to the previous month. The value of these imports in July 2023 amounted to $9.3M.
The Suspension System price in April 2023 was $11,291 per ton (FOB, Germany), marking a 4.7% increase from the previous month.
In value terms, suspension system imports declined modestly to $444M in April 2023.
In February 2023, the price of suspension systems fell to $9,437 per ton (CIF, Qatar), a decrease of 22.9% compared to the previous month.
In September 2022, the suspension system price amounted to $4,864 per ton (FOB, China), rising by 3.5% against the previous month.
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