Thailand: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Thailand

The Thai iron or steel leaf-spring market stood at $X in 2022, stabilizing at the previous year. Over the period under review, the total consumption indicated temperate growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Iron or Steel Leaf-Springs and Leaves in Thailand

In value terms, iron or steel leaf-spring production shrank to $X in 2022 estimated in export price. Overall, production saw a mild descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Thailand

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported from Thailand; falling by X% compared with 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports fell to $X in 2022. Over the period under review, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), South Africa (X tons) and Australia (X tons) were the main destinations of iron or steel leaf-spring exports from Thailand, with a combined X% share of total exports. Yemen, the Philippines, India, Cambodia, Japan, the United Arab Emirates, Egypt, the United States, Brazil and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel leaf-spring exported from Thailand were South Africa ($X), Vietnam ($X) and Australia ($X), with a combined X% share of total exports. The Philippines, Yemen, India, Japan, Egypt, the United States, Cambodia, Brazil, the United Arab Emirates and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest growth rate of 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 average iron or steel leaf-spring export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated slight growth 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, iron or steel leaf-spring export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Thailand

In 2022, iron or steel leaf-spring imports into Thailand rose markedly to X tons, with an increase of X% compared with the year before. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel leaf-spring imports soared to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of iron or steel leaf-spring imports to Thailand, together comprising X% of total imports.

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

In value terms, the largest iron or steel leaf-spring suppliers to Thailand were Indonesia ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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