CIS: Market for Iron or Steel Flat Spiral or Discs Springs 2024

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

In 2021, after four years of growth, there was decline in the CIS market for iron or steel flat spiral or discs springs, when its value decreased by -2.6% to $X. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank slightly in the following year.

Production of Iron or Steel Flat Spiral or Discs Springs in CIS

In value terms, metal spiral or discs spring production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in CIS

For the fifth year in a row, the CIS recorded growth in overseas shipments of iron or steel flat spiral or discs springs, which increased by 3.4% to X tons in 2021. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, metal spiral or discs spring exports soared to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 27%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Belarus represented the major exporting country with an export of around X tons, which reached 79% of total exports. It was distantly followed by Russia (X tons), making up a 20% share of total exports.

Belarus was also the fastest-growing in terms of the iron or steel flat spiral or discs springs exports, with a CAGR of +21.5% from 2012 to 2021. At the same time, Russia (+2.8%) displayed positive paces of growth. From 2012 to 2021, the share of Belarus increased by +33 percentage points.

In value terms, the largest metal spiral or discs spring supplying countries in the CIS were Belarus ($X) and Russia ($X).

Belarus, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 17% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.1%).

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in CIS

In 2021, imports of iron or steel flat spiral or discs springs in the CIS was estimated at X tons, remaining stable against 2020. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 33% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, metal spiral or discs spring imports rose remarkably to $X in 2021. In general, imports saw resilient growth. The growth pace was the most rapid in 2019 with an increase of 36%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) represented the key importer of iron or steel flat spiral or discs springs, constituting 64% of total imports. It was distantly followed by Belarus (X tons), Kazakhstan (X tons) and Uzbekistan (X tons), together achieving a 31% share of total imports. Azerbaijan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +16.3% from 2012 to 2021. At the same time, Uzbekistan (+103.5%), Belarus (+3.4%) and Kazakhstan (+1.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +103.5% from 2012-2021. By contrast, Azerbaijan (-16.6%) illustrated a downward trend over the same period. Russia (+36 p.p.) and Uzbekistan (+5 p.p.) significantly strengthened its position in terms of the total imports, while Belarus, Kazakhstan and Azerbaijan saw its share reduced by -4.4%, -5.2% and -14.8% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in the CIS, comprising 63% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 13% share of total imports. It was followed by Belarus, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +10.1%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+98.7% per year) and Belarus (+2.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 6.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 9.7% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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