Brazil: Steel Spring Market 2025

Steel Spring Market Size in Brazil

In 2021, the Brazilian steel spring market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt slump. Steel spring consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Steel Spring Production in Brazil

In value terms, steel spring production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. Steel spring production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Steel Spring Exports

Exports from Brazil

In 2021, shipments abroad of steel springs and leaves for springs was finally on the rise to reach X tons after four years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 62%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, steel spring exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for steel spring exports from Brazil, with a 33% share of total exports. Moreover, steel spring exports to Argentina exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.1% per year) and Mexico (-10.0% per year).

In value terms, the largest markets for steel spring exported from Brazil were Argentina ($X), Germany ($X) and the United States ($X), with a combined 57% share of total exports. These countries were followed by Mexico, Paraguay, Peru, China, South Africa, Chile, Uruguay, Bolivia, Colombia and France, which together accounted for a further 38%.

Peru, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel spring export price stood at $X per ton in 2021, dropping by -3.2% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 France (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Spring Imports

Imports into Brazil

In 2021, steel spring imports into Brazil skyrocketed to X tons, jumping by 54% compared with the year before. Over the period under review, imports, however, saw a pronounced contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, steel spring imports surged to $X in 2021. In general, imports, however, showed a mild setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), China (X tons) and Germany (X tons) were the main suppliers of steel spring imports to Brazil, with a combined 51% share of total imports. The United States, Japan, Italy, South Korea, France, the Czech Republic, Sweden, Romania, Thailand and Turkey lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest steel spring suppliers to Brazil, together accounting for 45% of total imports. Spain, Japan, Italy, Thailand, France, South Korea, Sweden, the Czech Republic, Turkey and Romania lagged somewhat behind, together accounting for a further 39%.

Romania, with a CAGR of +18.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 steel spring import price amounted to $X per ton, shrinking by -2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. The import price peaked at $X per ton in 2020, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($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 (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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