U.S.: Spring Market Overview 2020

Spring Market Size in the U.S.

The revenue of the spring market in the U.S. amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Spring consumption peaked in 2018 and is expected to retain its growth in the near future.

Spring Production in the U.S.

In value terms, spring production totaled $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, spring production attained its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Spring Exports

Exports from the U.S.

In 2018, approx. X tonnes of springs were exported from the U.S.; coming down by -X% against the previous year. Over the period under review, spring exports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, spring exports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, spring exports totaled $X in 2018. Over the period under review, spring exports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, spring exports reached their maximum at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Italy (X tonnes), Turkey (X tonnes) and China (X tonnes) were the main destinations of spring exports from the U.S., with a combined X% share of total exports. These countries were followed by Germany, Brazil, Japan, Costa Rica, the UK, Thailand, Australia, Taiwan, Chinese and Saudi Arabia, which together accounted for a further X 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Brazil ($X) constituted the largest markets for spring exported from the U.S. worldwide, with a combined X% share of total exports. Costa Rica, Germany, Turkey, Japan, the UK, Australia, Thailand, Taiwan, Chinese and Saudi Arabia lagged somewhat behind, together comprising a further X, Chinese experienced the highest growth rate of exports, among the main countries of destination over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average spring export price amounted to $X per tonne, surging by X% against the previous year. Over the last five years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the average export prices for springs attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Costa Rica ($X per tonne), while the average price for exports to Turkey ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Spring Imports

Imports into the U.S.

In 2018, the spring imports into the U.S. amounted to X tonnes, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, spring imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, spring imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of spring to the U.S., with a X% share of total imports. Moreover, spring imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), twofold. Poland (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Poland (+X% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) were the largest spring suppliers to the U.S., together accounting for X% of total imports. Australia, Thailand, Poland and India lagged somewhat behind, together comprising a further X terms of the main suppliers, Australia experienced the highest growth rate of imports, over the last five years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spring import price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the spring import price, however, continues to indicate a moderate drop. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform