Latin America and the Caribbean: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Latin America and the Caribbean

In 2022, the Latin American market for iron or steel flat spiral or discs springs increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Latin America and the Caribbean

In value terms, metal spiral or discs spring production declined to $X in 2022 estimated in export price. The total production indicated a notable 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

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Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Latin America and the Caribbean

Metal spiral or discs spring exports dropped notably to X tons in 2022, with a decrease of X% compared with 2021 figures. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico was the main exporter of iron or steel flat spiral or discs springs in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Guatemala (X tons) ranks second in terms of the total exports with a X% share, followed by El Salvador (X%), Brazil (X%) and the Dominican Republic (X%).

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), the Dominican Republic (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, El Salvador, the Dominican Republic and Guatemala increased by X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest metal spiral or discs spring supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 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 Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Latin America and the Caribbean

In 2022, overseas purchases of iron or steel flat spiral or discs springs increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Mexico represented the main importer of iron or steel flat spiral or discs springs in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Brazil (X tons), generating a X% share of total imports. The Dominican Republic (X tons), Honduras (X tons), Costa Rica (X tons) and Jamaica (X tons) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Honduras (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Jamaica experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic and Honduras increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated a pronounced 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 spiral or discs spring import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Brazil ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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