U.S. - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Aug 10, 2022

Steel Spring Price per Ton June 2022

U.S. Steel Spring Import Price per Ton June 2022

In June 2022, the steel spring price per ton amounted to $3,152 (CIF, US), waning by -2.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 6.8% m-o-m. The import price peaked at $3,226 per ton in May 2022, and then shrank in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($7,405 per ton), while the price for Indonesia ($1,532 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Steel Spring Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was iron or steel flat spiral or discs springs ($6,221 per ton), while the price for iron or steel leaf-springs and leaves ($2,368 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by metal hot-worked helical spring (+1.0%), while the prices for the other products experienced mixed trend patterns.

U.S. Steel Spring Imports

In June 2022, purchases abroad of steel springs and leaves for springs was finally on the rise to reach 38K tons for the first time since March 2022, thus ending a two-month declining trend. The total import volume increased at an average monthly rate of +1.3% over the period from January 2022 to June 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 with an increase of 13% m-o-m. As a result, imports reached the peak of 39K tons. From April 2022 to June 2022, the growth of imports failed to regain momentum.

In value terms, steel spring imports totaled $119M (IndexBox estimates) in June 2022. The total import value increased at an average monthly rate of +1.7% from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 21% m-o-m. As a result, imports reached the peak of $125M. From April 2022 to June 2022, the growth of imports remained at a lower figure.

U.S. Steel Spring Imports by Type

In June 2022, iron or steel leaf-springs and leaves (25K tons) constituted the largest type of steel spring supplied to the United States, with a 65% share of total imports. Moreover, iron or steel leaf-springs and leaves exceeded the figures recorded for the second-largest type, iron or steel hot-worked helical springs (11K tons), twofold.

From January 2022 to June 2022, the average monthly growth rate of the volume of import of iron or steel leaf-springs and leaves amounted to +1.6%. With regard to the other supplied products, the following average monthly rates of growth were recorded: iron or steel hot-worked helical springs (+0.8% per month) and iron or steel flat spiral or discs springs (+0.1% per month).

In value terms, iron or steel leaf-springs and leaves ($59M), iron or steel hot-worked helical springs ($48M) and iron or steel flat spiral or discs springs ($13M) appeared to be the most imported types of steel springs and leaves for springs in the United States.

U.S. Steel Spring Imports by Country

In June 2022, Mexico (22K tons) constituted the largest steel spring supplier to the United States, with a 58% share of total imports. Moreover, steel spring imports from Mexico exceeded the figures recorded by the second-largest supplier, China (4.9K tons), fourfold. Canada (3.6K tons) ranked third in terms of total imports with a 9.6% share.

From January 2022 to June 2022, the average monthly rate of growth in terms of volume from Mexico stood at +2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-4.2% per month) and Canada (+0.1% per month).

In value terms, Mexico ($60M) constituted the largest supplier of steel spring to the United States, comprising 50% of total imports. The second position in the ranking was held by China ($13M), with an 11% share of total imports. It was followed by Canada, with an 11% share.

From January 2022 to June 2022, the average monthly growth rate of value from Mexico stood at +2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+0.7% per month) and Canada (+1.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel spring market in the U.S.. 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:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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