Malaysia - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSteel Spring Price in Malaysia - 2021
Contents:
- Steel Spring Price in Malaysia (CIF) - 2021
- Steel Spring Price in Malaysia (FOB) - 2022
- Steel Spring Imports in Malaysia
- Steel Spring Exports in Malaysia
Steel Spring Price in Malaysia (CIF) - 2021
In December 2021, the average steel spring import price amounted to $4,580 per ton, waning by -19.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 59% month-to-month. As a result, import price reached the peak level of $7,531 per ton. From August 2021 to December 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($42,879 per ton), while the price for Germany ($1,349 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Spring Price in Malaysia (FOB) - 2022
In 2022, the average steel spring export price amounted to $3,884 per ton, dropping by -7.1% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel spring export price increased by +25.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 18%. Over the period under review, the average export prices reached the maximum at $4,182 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($5,890 per ton), while the average price for exports to Vietnam ($1,674 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 Australia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Spring Imports in Malaysia
In 2022, steel spring imports into Malaysia stood at 17K tons, standing approx. at 2021. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 5.9% against the previous year. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, steel spring imports rose modestly to $83M in 2022. Over the period under review, imports, however, showed a noticeable decrease.
| Import of Steel Spring in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 33.8 | 23.1 | 37.2 | 10.9% |
| Singapore | 19.7 | 16.6 | 18.4 | 19.6 | -0.2% |
| Thailand | 4.8 | 4.5 | 4.7 | 4.5 | -2.1% |
| Germany | 8.8 | 6.2 | 4.7 | 3.7 | -25.1% |
| United States | 7.2 | 5.5 | 7.2 | 3.1 | -24.5% |
| Vietnam | 3.2 | 2.6 | 2.6 | 2.8 | -4.4% |
| Japan | 9.8 | 7.6 | 7.5 | 2.4 | -37.4% |
| Taiwan (Chinese) | 1.5 | 1.7 | 1.9 | 2.0 | 10.1% |
| Indonesia | 1.7 | 1.3 | 1.8 | 1.3 | -8.6% |
| Others | 7.5 | 5.6 | 9.1 | 6.5 | -4.7% |
| Total | 91.4 | 85.4 | 80.9 | 83.1 | -3.1% |
Top Suppliers of Steel Spring to Malaysia in 2022:
- China (12.4K tons)
- Singapore (1.2K tons)
- Indonesia (0.7K tons)
- Vietnam (0.6K tons)
- Thailand (0.6K tons)
- Taiwan (Chinese) (0.3K tons)
- Japan (0.3K tons)
- Germany (0.3K tons)
- United States (0.2K tons)
Steel Spring Exports in Malaysia
In 2022, approx. 8.8K tons of steel springs and leaves for springs were exported from Malaysia; with a decrease of -7.3% on 2021 figures. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
In value terms, steel spring exports shrank to $34M in 2022. Overall, exports continue to indicate a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by 39%. As a result, the exports attained the peak of $40M, and then declined in the following year.
| Export of Steel Spring in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.1 | 4.8 | 8.0 | 6.0 | -5.5% |
| Australia | 4.2 | 4.0 | 5.8 | 5.8 | 11.4% |
| United States | 4.0 | 3.1 | 6.9 | 4.0 | 0.0% |
| Singapore | 2.9 | 2.9 | 3.3 | 2.7 | -2.4% |
| Philippines | 0.3 | 0.3 | 0.3 | 1.5 | 71.0% |
| Germany | 2.3 | 0.5 | 0.9 | 1.4 | -15.3% |
| Russia | 2.7 | 1.1 | 1.4 | 1.3 | -21.6% |
| Mexico | 0.6 | 0.9 | 1.0 | 0.9 | 14.5% |
| Indonesia | 1.1 | 0.6 | 0.9 | 0.7 | -14.0% |
| Yemen | 0.9 | 1.0 | 0.9 | 0.6 | -12.6% |
| United Kingdom | 1.4 | 0.6 | 0.9 | 0.5 | -29.1% |
| South Korea | 0.8 | 0.5 | 0.6 | 0.5 | -14.5% |
| Vietnam | 0.5 | 0.6 | 0.3 | 0.3 | -15.7% |
| Others | 7.3 | 7.8 | 8.7 | 8.2 | 4.0% |
| Total | 36.0 | 28.8 | 39.9 | 34.3 | -1.6% |
Top Export Markets for Steel Spring from Malaysia in 2022:
- Australia (1429.5 tons)
- United States (1368.2 tons)
- Thailand (1166.8 tons)
- Russia (468.6 tons)
- Philippines (463.3 tons)
- Singapore (458.4 tons)
- Germany (446.6 tons)
- Yemen (312.4 tons)
- South Korea (228.2 tons)
- Mexico (222.4 tons)
- Indonesia (195.6 tons)
- United Kingdom (193.3 tons)
- Vietnam (180.1 tons)
This report provides an in-depth analysis of the steel spring market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
416
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Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
1029
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
1442
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
183
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
1029
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
1442
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
