Indonesia: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Indonesia

In 2021, the Indonesian metal hot-worked helical spring market increased by 88% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Metal hot-worked helical spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Indonesia

In 2021, exports of iron or steel hot-worked helical springs from Indonesia skyrocketed to X tons, rising by 41% on the previous year. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.6% against 2019 indices. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), the Philippines (X tons) and the UK (X tons) were the main destinations of metal hot-worked helical spring exports from Indonesia, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +355.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hot-worked helical spring exported from Indonesia were Thailand ($X), the Philippines ($X) and Australia ($X), together comprising 50% of total exports. These countries were followed by Vietnam, the UK, Malaysia and Japan, which together accounted for a further 31%.

Among the main countries of destination, the UK, with a CAGR of +350.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Australia ($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 Japan (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Indonesia

In 2021, purchases abroad of iron or steel hot-worked helical springs was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of metal hot-worked helical spring imports to Indonesia, with a combined 88% share of total imports. India, Malaysia, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal hot-worked helical spring suppliers to Indonesia were Japan ($X), Thailand ($X) and China ($X), with a combined 82% share of total imports. India, Malaysia, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further 6%.

Malaysia, with a CAGR of +17.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, falling by -8.2% against the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Singapore ($X per ton), while the price for China ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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