Iron or steel helical springs market

Iron or steel helical springs market: get access to new data empowered by an Ai-driven BI tool. Info cover companies, market prices, production, trade, market size, consumption, exports, and imports. There is a split by region, including the U.K., EU, the Middle East, Africa, Latin America, the U.S., Russia, and China. Market dynamics and forecast to 2030 are also provided in the dashboards.

Iron or Steel Helical Springs - World's Largest Markets

Rating	Country
1	China
2	United States
3	Japan
4	India
5	Brazil

In value terms, the largest iron or steel helical springs markets worldwide were China, the United States and Japan, with a combined 47% share of the global market. India, Brazil, Mexico, Russia, South Korea, Italy, Canada and Turkey lagged somewhat behind, together accounting for a further 28%.

Among the main consuming countries, Mexico saw the highest growth rate of market size, over the period under review, while iron or steel helical springs market for the other global leaders experienced more modest paces of growth.

Iron Or Steel Helical Springs Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Turkey	1617	1491	1640	0.7%
Poland	3191	3183	3047	-2.3%
China	4045	3423	3754	-3.7%
Mexico	4052	3671	3962	-1.1%
Czech Republic	5875	5444	4231	-15.1%
Hungary	4646	4594	4534	-1.2%
Sweden	5355	4886	4812	-5.2%
United States	4967	5070	5190	2.2%
Germany	5785	5363	5411	-3.3%
Italy	3851	3896	5427	18.7%
United Kingdom	6289	6229	6125	-1.3%
France	6093	7097	6670	4.6%
Japan	13159	13332	13829	2.5%
Average	5475	5184	5200	-2.5%

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($13,829 per ton), while Turkey ($1,640 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
China	12578	12631	12176	-1.6%
Mexico	5219	5172	7169	17.2%
Germany	6225	6145	6147	-0.6%
Czech Republic	6519	6545	5762	-6.0%
Romania	3987	4554	5049	12.5%
Slovakia	4951	4862	4736	-2.2%
France	4425	4043	4452	0.3%
Belgium	4738	4423	4266	-5.1%
Canada	3734	3891	4210	6.2%
Russia	4555	4480	4136	-4.7%
United States	4508	4307	3952	-6.4%
Poland	3899	3680	3498	-5.3%
United Kingdom	2555	2864	3271	13.1%
Average	5201	5221	5532	3.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($12,176 per ton), while the UK ($3,271 per ton) was amongst the lowest.

From 2018 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.

Iron or Steel Helical Springs - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Mexico	0.3	0.3	0.4	7.4%
China	0.4	0.3	0.3	-5.1%
United States	0.4	0.4	0.3	-5.3%
Germany	0.3	0.3	0.3	-9.7%
Canada	0.1	0.1	0.1	-0.8%

In value terms, the largest iron or steel helical springs importing markets worldwide were Mexico ($361M), China ($317M) and the United States ($317M), together comprising 32% of global imports.

Among the main importing countries, Mexico saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Iron or Steel Helical Springs - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	1	0.9	0.8	-7.6%
United States	0.5	0.5	0.4	-10.4%
China	0.2	0.3	0.3	13.7%
Japan	0.3	0.3	0.3	-7.2%
Mexico	0.2	0.2	0.1	-9.8%

In value terms, Germany ($825M) remains the largest iron or steel helical springs supplier worldwide, comprising 27% of global exports. The second position in the ranking was occupied by the United States ($380M), with a 12% share of global exports. It was followed by China, with a 9.9% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Germany amounted to -7.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-10.4% per year) and China (+13.7% per year).

Iron or Steel Helical Springs - Market Forecast

Driven by rising demand for iron or steel helical springs worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.