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

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

The East Asian market for iron or steel leaf-springs and leaves rose to $X in 2020, picking up by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

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

In value terms, production of iron or steel leaf-springs and leaves stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked in 2020 and is likely to see steady growth in the immediate term.

Production By Country in Eastern Asia

The country with the largest volume of production of iron or steel leaf-springs and leaves was China (X tons), 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, Japan (X tons), eightfold.

In China, production of iron or steel leaf-springs and leaves remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Eastern Asia

In 2020, exports of iron or steel leaf-springs and leaves in Eastern Asia rose sharply to X tons, increasing by X% against 2019. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to see gradual growth in the near future.

In value terms, exports of iron or steel leaf-springs and leaves rose sharply to $X in 2020. Total exports indicated a resilient 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 pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports of iron or steel leaf-springs and leaves structure, reaching X tons, which was approx. X% of total exports in 2020. It was distantly followed by Japan (X tons), generating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the iron or steel leaf-springs and leaves exports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in Eastern Asia stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of export peaked at $X per ton in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Eastern Asia

In 2020, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel leaf-springs and leaves dropped modestly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

China represented the main importer of iron or steel leaf-springs and leaves in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2020. Japan (X tons) held the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. X% share of total imports. Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea, while imports for the other leaders experienced mixed trends in the imports figures.

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

In China, imports of iron or steel leaf-springs and leaves increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in Eastern Asia stood at $X per ton in 2020, growing by X% against the previous year. Import price indicated a tangible increase from 2007 to 2020: its price 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, import price for iron or steel leaf-springs and leaves increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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