Overview of the Global Market for Iron Or Steel Leaf-Springs And Leaves

Market Size for Iron Or Steel Leaf-Springs And Leaves

In 2020, the global market for iron or steel leaf-springs and leaves decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves

In value terms, production of iron or steel leaf-springs and leaves fell slightly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, global production hit record highs at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country

China (X tons) remains the largest iron or steel leaf-spring and leave producing country worldwide, comprising approx. X% of total volume. Moreover, production of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and India (+X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports

In 2020, overseas shipments of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second year in a row after six years of growth. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Global exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves declined to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, global exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, China (X tons) and Mexico (X tons) were the major exporters of iron or steel leaf-springs and leavesin the world, together accounting for near X% of total exports. Spain (X tons) ranks next in terms of the total exports with a X% share, followed by Indonesia (X%), Turkey (X%) and Germany (X%). The following exporters - the U.S. (X tons), Canada (X tons), India (X tons), Tunisia (X tons), Belgium (X tons), Austria (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest iron or steel leaf-spring and leave supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Mexico was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. Global export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($X per ton), while China ($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 other global leaders experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports

In 2020, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, global imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves contracted significantly to $X in 2020. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Global imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the key importer of iron or steel leaf-springs and leaves, committing X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%). Japan (X tons), Italy (X tons), Poland (X tons), Thailand (X tons), Russia (X tons), Belgium (X tons), the Netherlands (X tons), Mexico (X tons), Australia (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron or steel leaf-spring and leave imports into the U.S. stood at -X%. At the same time, Thailand (+X%), Poland (+X%), Mexico (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Russia and China experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Japan (-X%), the Netherlands (-X%), Canada (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Poland (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of the U.S. (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves worldwide, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (-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. In general, the import price saw a modest expansion. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2020.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

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