India - Iron Or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Hot-Worked Helical Spring in India - 2023
Contents:
- Price for Metal Hot-Worked Helical Spring in India (CIF) - 2023
- Price for Metal Hot-Worked Helical Spring in India (FOB) - 2022
- Imports of Metal Hot-Worked Helical Spring in India
- Exports of Metal Hot-Worked Helical Spring in India
Price for Metal Hot-Worked Helical Spring in India (CIF) - 2023
In June 2023, the average metal hot-worked helical spring import price amounted to $10,447 per ton, with an increase of 3.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in October 2022 an increase of 35% m-o-m. Over the period under review, average import prices reached the maximum at $12,502 per ton in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($16,618 per ton), while the price for China ($4,826 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Hot-Worked Helical Spring in India (FOB) - 2022
In 2022, the average metal hot-worked helical spring export price amounted to $1,687 per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $6,028 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,694 per ton), while the average price for exports to the Netherlands ($1,149 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Metal Hot-Worked Helical Spring in India
Metal hot-worked helical spring imports into India expanded sharply to 3.4K tons in 2022, growing by 9.6% compared with the previous year. The total import volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, metal hot-worked helical spring imports rose rapidly to $31M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Metal Hot-Worked Helical Spring in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 7.1 | 5.9 | 7.5 | -2.1% |
| South Korea | 3.0 | 2.9 | 5.3 | 5.8 | 24.6% |
| United States | 2.5 | 2.4 | 3.5 | 3.8 | 15.0% |
| China | 1.5 | 1.5 | 2.5 | 2.7 | 21.6% |
| Japan | 1.1 | 0.9 | 2.2 | 2.4 | 29.7% |
| Thailand | 0.8 | 1.5 | 1.8 | 1.9 | 33.4% |
| United Kingdom | 0.6 | 1.0 | 1.4 | 1.5 | 35.7% |
| Singapore | 1.0 | 0.8 | 1.2 | 1.3 | 9.1% |
| Finland | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Turkey | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Others | 1.9 | 1.9 | 3.0 | 3.3 | 20.2% |
| Total | 20.6 | 20.4 | 27.7 | 31.2 | 14.8% |
Top Suppliers of Metal Hot-Worked Helical Spring to India in 2022:
- Germany (934.2 tons)
- South Korea (509.7 tons)
- China (485.0 tons)
- Japan (431.6 tons)
- United States (214.4 tons)
- Thailand (148.8 tons)
- Turkey (132.0 tons)
- United Kingdom (115.4 tons)
- Finland (98.7 tons)
- Singapore (82.4 tons)
Exports of Metal Hot-Worked Helical Spring in India
For the fourth year in a row, India recorded growth in shipments abroad of iron or steel hot-worked helical springs, which increased by 7.1% to 7.7K tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, metal hot-worked helical spring exports rose rapidly to $13M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Metal Hot-Worked Helical Spring in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3,716 | 3,474 | 4,968 | 5,237 | 12.1% |
| Poland | 612 | 1,272 | 1,995 | 2,103 | 50.9% |
| Brazil | 577 | 452 | 636 | 670 | 5.1% |
| Nigeria | 32.9 | 13.8 | 579 | 611 | 164.8% |
| Indonesia | 81.3 | 5.2 | 468 | 493 | 82.4% |
| China | 10.0 | 113 | 347 | 366 | 232.0% |
| Egypt | 256 | 225 | 331 | 349 | 10.9% |
| United Kingdom | 164 | 121 | 200 | 211 | 8.8% |
| Others | 1,719 | 1,655 | 2,567 | 2,874 | 18.7% |
| Total | 7,167 | 7,332 | 12,091 | 12,914 | 21.7% |
Top Export Markets for Metal Hot-Worked Helical Spring from India in 2022:
- Netherlands (4556.7 tons)
- Poland (1552.6 tons)
- Indonesia (196.5 tons)
- Brazil (169.4 tons)
- Nigeria (151.1 tons)
- Egypt (149.6 tons)
- United Kingdom (139.5 tons)
- China (124.5 tons)
This report provides an in-depth analysis of the market for metal hot-worked helical spring in India. 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 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)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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
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