Which Country Imports the Most Steel Springs and Leaves in the World?

IndexBox has just published a new report "World: Steel Springs And Leaves For Springs - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global steel spring imports totaled 2.4M tonnes in 2016, ascending by 2% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when imports increased by 11% against the previous year level. Global steel spring import peaked in 2016, and are expected to retain its growth in the near future.

In value terms, steel spring imports totaled $6.3B in 2016. The total import value increased at an average annual rate of +1.2% over the period from 2007 to 2016- the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, global steel spring imports attained its maximum level of $7.1B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Steel Spring Importing Countries in the World

1. USA (1,086.5 million USD)

2. Mexico (551.1 million USD)

3. Germany (535.0 million USD)

4. China (523.8 million USD)

5. Canada (219.5 million USD)

6. Czech Republic (210.4 million USD)

7. United Kingdom (209.0 million USD)

8. France (183.1 million USD)

9. Poland (172.5 million USD)

10. Italy (144.8 million USD)

11. Spain (88.9 million USD)

12. Turkey (85.6 million USD)

Steel Spring Imports By Country

The U.S. (418K tonnes), and Mexico (361K tonnes) represented roughly 32% of total imports of steel spring in 2016. Germany (230K tonnes) ranks second globally in steel spring imports with a 9% share, following China (8%). Turkey (85K tonnes), the UK (84K tonnes), Spain (80K tonnes), Canada (76K tonnes), Czech Republic (63K tonnes), Poland (46K tonnes), France (45K tonnes), and Italy (45K tonnes) took the weak share of total imports.

From 2007 to 2016, the most notable growth rate of steel spring imports, among the main importing countries, was attained by the UK (+5.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest steel spring markets worldwide were the U.S. ($1.1B), Mexico ($551M) and Germany ($535M), with a combined 34% share of global imports.

Mexico (+4.8% per year) recorded the highest growth rate of steel spring imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Steel Spring Import Prices By Country

The average steel spring import price stood at $2,617 per tonne in 2016, shrinking by -2.2% against the previous year. In general, steel spring import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import price increased by 15% from the previous year level. Global steel spring import peaked of $3,025 per tonne in 2011- however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was France ($4,035 per tonne), while Turkey ($1,012 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of steel spring import prices was attained by Mexico (+3.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global steel spring market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• steel spring market share
• steel spring prices
• steel spring industry
• steel spring sales
• steel spring import
• steel spring export
• steel spring market forecast
• steel spring price forecast
• key steel spring producers

All data provided in this article covers the following product: HS Code 7320 - Springs and leaves for springs, of iron or steel.

Source: World: Steel Springs And Leaves For Springs - Market Report. Analysis and Forecast to 2025