U.S.: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in the U.S.

In 2020, the U.S. market for iron or steel leaf-springs and leaves decreased by -X% to $X, falling for the second consecutive year after five years of growth. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from the U.S.

Exports of iron or steel leaf-springs and leaves from the U.S. contracted rapidly to X tons in 2020, declining by -X% compared with 2019. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth of exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves dropped remarkably to $X in 2020. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from the U.S., together comprising X% of total exports. Japan and South Korea lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea, while exports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for iron or steel leaf-spring and leave exported from the U.S. worldwide, together comprising X% of total exports. These countries were followed by Japan and South Korea, which together accounted for a further X terms of the main countries of destination, South Korea saw the highest rates of growth with regard to 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

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2019, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, 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 the U.S.

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second year in a row after five years of growth. In general, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel leaf-springs and leaves shrank notably to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Mexico (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to the U.S., with a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of iron or steel leaf-spring and leave to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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