CIS: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in CIS

In 2022, the CIS metal spring washer market increased by X% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, consumption, however, recorded a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Metal Spring Washer Production in CIS

In value terms, metal spring washer production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Metal Spring Washer Exports

Exports in CIS

In 2022, metal spring washer exports in the CIS surged to X tons, jumping by X% compared with 2021 figures. Total exports indicated a strong expansion 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports stood at $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), committing a X% share of total exports. Belarus (X tons) took a little share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest metal spring washer supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with an X% share of total exports.

In Russia, metal spring washer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained 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 Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Metal Spring Washer Imports

Imports in CIS

In 2022, metal spring washer imports in the CIS surged to X tons, with an increase of X% against the previous year's figure. Total imports indicated a modest 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 growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, metal spring washer imports skyrocketed to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia represented the key importing country with an import of about X tons, which amounted to X% of total imports. Kazakhstan (X tons) took the second position in the ranking, followed by Belarus (X tons). All these countries together took approx. X% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of iron or steel spring washers. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel spring washers in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

In Russia, metal spring washer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price 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, metal spring washer import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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