Latin America and the Caribbean: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Latin America and the Caribbean

The Latin American iron or steel leaf-spring market reduced modestly to $X in 2022, which is down by -2.8% against the previous year. Overall, consumption saw a perceptible setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Latin America and the Caribbean

In value terms, iron or steel leaf-spring production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by 7.9% against the previous year. The level of production peaked 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 Latin America and the Caribbean

In 2022, the amount of iron or steel leaf-springs and leaves exported in Latin America and the Caribbean reached X tons, approximately mirroring the year before. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 57% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +3.3% 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 2021 with an increase of 22%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico prevails in exports structure, finishing at X tons, which was near 93% of total exports in 2022. It was distantly followed by Brazil (X tons), achieving a 4.8% share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of iron or steel leaf-springs and leaves. At the same time, Brazil (+7.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +7.5% from 2012-2022. While the share of Brazil (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest iron or steel leaf-spring supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was taken by Brazil ($X), with a 4.5% share of total exports.

In Mexico, iron or steel leaf-spring exports increased at an average annual rate of +3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 7.9% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel leaf-spring export price decreased by -26.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 71%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%).

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in Latin America and the Caribbean

Iron or steel leaf-spring imports reduced slightly to X tons in 2022, falling by -4.8% on 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports expanded significantly to $X in 2022. Overall, imports saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 51%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the largest importing country with an import of about X tons, which reached 41% of total imports. It was distantly followed by Brazil (X tons), Argentina (X tons) and Peru (X tons), together comprising a 32% share of total imports. The following importers - Guatemala (X tons), Chile (X tons), Bolivia (X tons), Paraguay (X tons), Colombia (X tons), Uruguay (X tons), Ecuador (X tons) and Honduras (X tons) - together made up 21% of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of iron or steel leaf-springs and leaves. At the same time, Argentina (+13.8%), Guatemala (+3.6%), Peru (+3.5%), Uruguay (+3.3%) and Honduras (+1.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +13.8% from 2012-2022. Bolivia, Paraguay and Colombia experienced a relatively flat trend pattern. By contrast, Chile (-3.3%), Ecuador (-3.4%) and Brazil (-7.1%) illustrated a downward trend over the same period. While the share of Argentina (+8.9 p.p.), Mexico (+3 p.p.), Peru (+1.9 p.p.) and Guatemala (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (-13.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Argentina, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-4.7% per year) and Argentina (+12.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure 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 Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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