Asia-Pacific: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Asia-Pacific

The Asia-Pacific market for iron or steel leaf-springs and leaves stood at $X in 2020, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in Asia-Pacific

In value terms, production of iron or steel leaf-springs and leaves expanded to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of production of iron or steel leaf-springs and leaves, 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, India (X tons), threefold. The third position in this ranking was occupied by Indonesia (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: India (+X% per year) and Indonesia (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Asia-Pacific

In 2020, approx. X tons of iron or steel leaf-springs and leaves were exported in Asia-Pacific; stabilizing at the previous year. Total exports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves contracted modestly to $X in 2020. Total exports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tons) was the largest exporter of iron or steel leaf-springs and leaves, making up X% of total exports. It was distantly followed by Indonesia (X tons), India (X tons) and Thailand (X tons), together comprising a X% share of total exports. Japan (X tons), Malaysia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. Indonesia and India experienced a relatively flat trend pattern. By contrast, Thailand (-X%), Malaysia (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Vietnam increased by +X% and +X% percentage points, while Malaysia (-X p.p.), India (-X p.p.), Thailand (-X p.p.), Japan (-X p.p.) and Indonesia (-X p.p.) saw their share reduced.

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

From 2007 to 2020, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2020, the export price for iron or steel leaf-springs and leaves in Asia-Pacific amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Asia-Pacific

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Total imports indicated a modest expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel leaf-springs and leaves declined to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. 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

China was the largest importing country with an import of about X tons, which finished at X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Australia (X%), South Korea (X%) and Vietnam (X%). India (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

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

In China, imports of iron or steel leaf-springs and leaves expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Australia (+X% per year).

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in Asia-Pacific stood at $X per ton in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The level of import peaked in 2020 and is expected to retain growth in the near future.

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

Source: IndexBox Platform

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