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

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

In 2020, after three years of growth, there was decline in the Chinese market for iron or steel leaf-springs and leaves, when its value decreased by -X% to $X. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in China

In value terms, production of iron or steel leaf-springs and leaves totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Production peaked in 2020 and is expected to retain growth in the near future.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from China

In 2020, approx. X tons of iron or steel leaf-springs and leaves were exported from China; with an increase of X% compared with the previous year's figure. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, exports of iron or steel leaf-springs and leaves amounted to $X in 2020. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from China, accounting for a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to the U.S. exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. The third position in this ranking was occupied by Nigeria (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Nigeria (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from China, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Australia (+X% per year).

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, declining by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into China

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. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports 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 stood at $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to China, with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), Austria, the U.S. and France, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the U.S. ($X) were the largest iron or steel leaf-spring and leave suppliers to China, with a combined X% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), Austria and France, which together accounted for a further X terms of the main suppliers, Austria 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

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price recorded a temperate increase. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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