Report Update Nov 1, 2024

Canada - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Canada

The Canadian iron or steel leaf-spring market was finally on the rise to reach $X in 2022, after five years of decline. In general, consumption, however, showed a pronounced downturn. Iron or steel leaf-spring consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Iron or Steel Leaf-Springs and Leaves in Canada

In value terms, iron or steel leaf-spring production dropped modestly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 9.1%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Canada

In 2022, exports of iron or steel leaf-springs and leaves from Canada shrank to X tons, waning by -7.3% against the previous year's figure. Overall, exports saw a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports rose significantly to $X in 2022. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for iron or steel leaf-spring exports from Canada, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -4.1%.

In value terms, the United States ($X) also remains the key foreign market for iron or steel leaf-springs and leaves exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -2.2%.

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, picking up by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.0% per year.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Canada

In 2022, imports of iron or steel leaf-springs and leaves into Canada skyrocketed to X tons, growing by 65% on the year before. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 496%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel leaf-spring imports soared to $X in 2022. Overall, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest iron or steel leaf-spring supplier to Canada, with a 66% share of total imports. Moreover, iron or steel leaf-spring imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and China (+15.0% per year).

In value terms, Mexico ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Canada, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.7% per year) and China (+12.1% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 124% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel leaf-springs and leaves in the world?

China constituted the country with the largest volume of consumption of iron or steel leaf-springs and leaves, accounting for 29% of total volume. Moreover, consumption of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.4% share.

What are the largest producers of iron or steel leaf-springs and leaves in the world?

The country with the largest volume of production of iron or steel leaf-springs and leaves was China, comprising approx. 30% 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, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

What are the leading suppliers of iron or steel leaf-springs and leaves to Canada?

In value terms, Mexico, the United States and China constituted the largest iron or steel leaf-spring and leave suppliers to Canada, with a combined 86% share of total imports. These countries were followed by Indonesia and Malaysia, which together accounted for a further 6.7%.

What are the leading importers of iron or steel leaf-springs and leaves from Canada?

In value terms, the United States remains the key foreign market for iron or steel leaf-spring and leave exports from Canada, comprising 95% of total exports. The second position in the ranking was occupied by Australia, with a 1.8% share of total exports.

What is the average export price for iron or steel leaf-springs and leaves in Canada?

The average export price for iron or steel leaf-springs and leaves stood at $2,572 per ton in 2021, declining by -6.3% against the previous year.

What is the average import price for iron or steel leaf-springs and leaves in Canada?

The average import price for iron or steel leaf-springs and leaves stood at $2,206 per ton in 2021, with an increase of 28% against the previous year.

This report provides an in-depth analysis of the market for iron or steel leaf-spring in Canada. 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023