CIS: Market for Iron or Steel Leaf-Springs and Leaves 2025

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

In 2022, the CIS iron or steel leaf-spring market increased by 3.2% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a perceptible decrease. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, iron or steel leaf-spring production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 46%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in CIS

Iron or steel leaf-spring exports fell to X tons in 2022, with a decrease of -8.7% on the previous year. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, iron or steel leaf-spring exports dropped to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the key exporter of iron or steel leaf-springs and leaves in the CIS, with the volume of exports reaching X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Belarus (X tons), mixing up a 20% share of total exports.

Exports from Russia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Belarus (+2.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +2.7% from 2012-2022. While the share of Belarus (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest iron or steel leaf-spring supplier in the CIS, comprising 73% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports.

In Russia, iron or steel leaf-spring exports declined by an average annual rate of -1.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by -3.8% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by 27%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.2%).

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in CIS

In 2022, after two years of decline, there was significant growth in overseas purchases of iron or steel leaf-springs and leaves, when their volume increased by 22% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main importer of iron or steel leaf-springs and leaves, achieving 48% of total imports. Uzbekistan (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (13%) and Kazakhstan (11%). Kyrgyzstan (X tons) held a little share of total imports.

Imports into Russia decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Uzbekistan (+52.4%), Belarus (+11.3%), Kyrgyzstan (+4.6%) and Kazakhstan (+1.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +52.4% from 2012-2022. Uzbekistan (+23 p.p.) and Belarus (+8.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -32.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in the CIS, comprising 54% of total imports. The second position in the ranking was taken by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with a 12% share.

In Russia, iron or steel leaf-spring imports plunged by an average annual rate of -5.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+8.2% per year) and Kazakhstan (+2.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by -8.8% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :