South-Eastern Asia: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in South-Eastern Asia

The Southeast Asian market for iron or steel flat spiral or discs springs contracted modestly to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in South-Eastern Asia

In value terms, metal spiral or discs spring production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in South-Eastern Asia

In 2022, shipments abroad of iron or steel flat spiral or discs springs increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) represented the major exporter of iron or steel flat spiral or discs springs, constituting X% of total exports. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Singapore (X%). Vietnam (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal spiral or discs spring exports from Thailand stood at X%. At the same time, Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest metal spiral or discs spring supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Thailand, metal spiral or discs spring exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated a measured increase 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 export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in South-Eastern Asia

In 2022, supplies from abroad of iron or steel flat spiral or discs springs decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal spiral or discs spring imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) and Thailand (X tons) represented the largest importers of iron or steel flat spiral or discs springs in South-Eastern Asia, together achieving X% of total imports. Vietnam (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Indonesia (X%). The following importers - Cambodia (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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