Asia: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Asia

The Asian market for iron or steel leaf-springs and leaves expanded slightly to $X in 2020, picking up by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in Asia

In value terms, production of iron or steel leaf-springs and leaves rose modestly to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of production of iron or steel leaf-springs and leaves, comprising approx. X% of total volume. Moreover, production of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Indonesia (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Asia

In 2020, exports of iron or steel leaf-springs and leaves in Asia reached X tons, picking up by X% against 2019. Total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is likely to see steady growth in the immediate term.

In value terms, exports of iron or steel leaf-springs and leaves dropped modestly to $X in 2020. Total exports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tons) represented the largest exporter of iron or steel leaf-springs and leaves, achieving X% of total exports. Indonesia (X tons) held the second position in the ranking, followed by Turkey (X tons) and India (X tons). All these countries together took near X% share of total exports. Thailand (X tons), the United Arab Emirates (X tons) and Japan (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkey (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Indonesia and India experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Turkey increased by +X% and +X% percentage points, while India (-X p.p.), Thailand (-X p.p.), Japan (-X p.p.) and Indonesia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel leaf-spring and leave supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, exports of iron or steel leaf-springs and leaves increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in Asia stood at $X per ton in 2020, waning by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Asia

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Total imports indicated a slight increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves declined to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons), distantly followed by Japan (X tons), Thailand (X tons), South Korea (X tons) and Saudi Arabia (X tons) represented the key importers of iron or steel leaf-springs and leaves, together making up X% of total imports. Vietnam (X tons), the United Arab Emirates (X tons), India (X tons), Malaysia (X tons), Kazakhstan (X tons), Taiwan (Chinese) (X tons), Yemen (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Uzbekistan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the import price for iron or steel leaf-springs and leaves in Asia amounted to $X per ton, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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