ASEAN: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in ASEAN

The ASEAN metal hot-worked helical spring market contracted to $X in 2022, declining by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in ASEAN

In value terms, metal hot-worked helical spring production fell to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in ASEAN

In 2022, the amount of iron or steel hot-worked helical springs exported in ASEAN reduced modestly to X tons, waning by X% on 2021 figures. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports rose modestly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2018; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) were the largest exporters of iron or steel hot-worked helical springs in ASEAN, together constituting X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%) and Vietnam (X%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in ASEAN

In 2022, after two years of growth, there was significant decline in supplies from abroad of iron or steel hot-worked helical springs, when their volume decreased by X% to X tons. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, metal hot-worked helical spring imports declined to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The countries with the highest levels of metal hot-worked helical spring imports in 2022 were Singapore (X tons), Indonesia (X tons), Thailand (X tons), Vietnam (X tons) and Malaysia (X tons), together accounting for X% of total import. The Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :