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

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

The Asia-Pacific metal hot-worked helical spring market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Asia-Pacific

In value terms, metal hot-worked helical spring production rose to $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Asia-Pacific

In 2022, shipments abroad of iron or steel hot-worked helical springs decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a buoyant 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 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, metal hot-worked helical spring exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China was the main exporter of iron or steel hot-worked helical springs in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and India (X%). Thailand (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Thailand (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal hot-worked helical spring supplying countries in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Thailand and India lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 Asia-Pacific stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price saw a slight downturn. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Asia-Pacific

In 2022, the amount of iron or steel hot-worked helical springs imported in Asia-Pacific declined dramatically to X tons, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. 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 tons, and then dropped remarkably in the following year.

In value terms, metal hot-worked helical spring imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China was the largest importing country with an import of around X tons, which resulted at X% of total imports. Singapore (X tons) ranks second in terms of the total imports with an X% share, followed by Indonesia (X%), Thailand (X%), South Korea (X%), Vietnam (X%), Japan (X%), Taiwan (Chinese) (X%), Malaysia (X%) and India (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), Vietnam (X%), Taiwan (Chinese) (X%), India (X%), South Korea (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan and Malaysia experienced a relatively flat trend pattern. While the share of Singapore (X p.p.), Vietnam (X p.p.), Taiwan (Chinese) (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In China, metal hot-worked helical spring imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 China ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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