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

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

The Japanese metal hot-worked helical spring market contracted modestly to $X in 2021, with a decrease of -4.7% against the previous year. Over the period under review, consumption recorded a noticeable downturn. Metal hot-worked helical spring consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in Japan

In value terms, metal hot-worked helical spring production declined slightly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible setback. The growth pace was the most rapid in 2015 with an increase of 18%. Metal hot-worked helical spring production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Japan

In 2021, overseas shipments of iron or steel hot-worked helical springs increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. In general, exports, however, recorded a slight setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of metal hot-worked helical spring exports from Japan, with a combined 52% share of total exports. Russia, Indonesia, South Korea, Mexico, India, Brazil, Malaysia, Italy, Vietnam and the UK lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +14.5%), 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 Japan were China ($X), the United States ($X) and Thailand ($X), together comprising 59% of total exports. These countries were followed by Mexico, Indonesia, South Korea, India, Russia, Vietnam, Malaysia, the UK, Italy and Brazil, which together accounted for a further 25%.

Italy, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, growing by 2.8% against the previous year. In general, the export price, however, saw a slight decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 6.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($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 Mexico (+10.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Japan

In 2021, the amount of iron or steel hot-worked helical springs imported into Japan rose sharply to X tons, with an increase of 9.8% on 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 18%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports expanded remarkably to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal hot-worked helical spring to Japan, with a 55% share of total imports. Moreover, metal hot-worked helical spring imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.0% per year) and Thailand (-0.9% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Japan, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Germany (-1.0% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, with an increase of 2.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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