Report Update Feb 1, 2025

Bangladesh - Iron or Steel Springs - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Bangladesh

The Bangladeshi market for iron or steel flat spiral or discs springs was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a significant increase. Metal spiral or discs spring consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Bangladesh

Metal spiral or discs spring exports from Bangladesh fell rapidly to X kg in 2021, shrinking by -33.3% on the previous year's figure. Over the period under review, exports recorded a significant decline. The growth pace was the most rapid in 2019 when exports increased by 350%. Over the period under review, the exports reached the peak figure at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports surged to $X in 2021. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2019 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X kg) was the main destination for metal spiral or discs spring exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled -9.7%.

In value terms, Nigeria ($X) remains the key foreign market for iron or steel flat spiral or discs springs exports from Bangladesh, comprising 56% of total exports. The second position in the ranking was held by India ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria totaled -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-31.0% per year) and Mexico (-3.7% per year).

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, with an increase of 112% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The pace of growth was the most pronounced in 2017 an increase of 123%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Bangladesh

In 2021, after two years of decline, there was significant growth in purchases abroad of iron or steel flat spiral or discs springs, when their volume increased by 75% to X tons. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 128%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 176%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal spiral or discs spring imports to Bangladesh, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +74.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring suppliers to Bangladesh were China ($X), India ($X) and Thailand ($X), with a combined 60% share of total imports. These countries were followed by Taiwan (Chinese) and Italy, which together accounted for a further 3.5%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +48.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, increasing by 37% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring import price increased by +55.5% against 2018 indices. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel flat spiral or discs springs in the world?

The country with the largest volume of metal spiral or discs spring consumption was China, comprising approx. 28% of total volume. Moreover, metal spiral or discs spring consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Germany ranked third in terms of total consumption with a 10% share.

What are the largest producers of iron or steel flat spiral or discs springs in the world?

China remains the largest metal spiral or discs spring producing country worldwide, accounting for 31% of total volume. Moreover, metal spiral or discs spring production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of iron or steel flat spiral or discs springs to Bangladesh?

In value terms, the largest metal spiral or discs spring suppliers to Bangladesh were China, India and Taiwan Chinese), with a combined 94% share of total imports.

What is the average export price for iron or steel flat spiral or discs springs in Bangladesh?

The average export price for iron or steel flat spiral or discs springs stood at $13,613 per ton in 2021, with an increase of 26% against the previous year.

What is the average import price for iron or steel flat spiral or discs springs in Bangladesh?

The average import price for iron or steel flat spiral or discs springs stood at $3,740 per ton in 2021, falling by -4.2% against the previous year.

This report provides an in-depth analysis of the market for metal spiral or discs spring in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931653 - Iron or steel flat spiral springs
Prodcom 25931655 - Iron or steel discs springs
Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024