Latin America and the Caribbean: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Latin America and the Caribbean

For the third year in a row, the Latin American metal hot-worked helical spring market recorded decline in sales value, which decreased by -2.4% to $X in 2021. Over the period under review, consumption showed a slight descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in Latin America and the Caribbean

In value terms, metal hot-worked helical spring production totaled $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Latin America and the Caribbean

In 2021, approx. X tons of iron or steel hot-worked helical springs were exported in Latin America and the Caribbean; jumping by 125% compared with the year before. Over the period under review, exports recorded a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring exports totaled $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 15%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Brazil (X tons), achieving a 7.1% share of total exports.

Mexico was also the fastest-growing in terms of the iron or steel hot-worked helical springs exports, with a CAGR of +4.4% from 2012 to 2021. Brazil (-1.6%) illustrated a downward trend over the same period. While the share of Mexico (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-4 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest metal hot-worked helical spring supplier in Latin America and the Caribbean, comprising 81% of total exports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total exports.

In Mexico, metal hot-worked helical spring exports expanded at an average annual rate of +1.9% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, dropping by -49.7% against the previous year. Overall, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the export price increased by 48%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.6%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Latin America and the Caribbean

In 2021, purchases abroad of iron or steel hot-worked helical springs decreased by -9.1% to X tons, falling for the seventh year in a row after three years of growth. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 45%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico prevails in imports structure, amounting to X tons, which was near 75% of total imports in 2021. Brazil (X tons) held the second position in the ranking, followed by Chile (X tons). All these countries together took near 13% share of total imports. The following importers - Peru (X tons), the Dominican Republic (X tons) and Argentina (X tons) - each finished at a 6.1% share of total imports.

Imports into Mexico decreased at an average annual rate of -9.2% from 2012 to 2021. At the same time, the Dominican Republic (+28.0%), Chile (+21.8%), Peru (+7.4%) and Brazil (+2.0%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +28.0% from 2012-2021. By contrast, Argentina (-4.3%) illustrated a downward trend over the same period. While the share of Chile (+5.4 p.p.), Brazil (+3.9 p.p.), the Dominican Republic (+1.9 p.p.) and Peru (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in Latin America and the Caribbean, comprising 77% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.9% share of total imports. It was followed by Chile, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (+1.4% per year) and Chile (+6.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 36% against the previous year. Over the period under review, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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