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

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

The North American metal hot-worked helical spring market rose modestly to $X in 2021, surging by 3.5% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.2% against 2012 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Iron or Steel Hot-Worked Helical Springs in Northern America

In value terms, metal hot-worked helical spring production shrank to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.3% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Over the period under review, production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Northern America

In 2021, overseas shipments of iron or steel hot-worked helical springs were finally on the rise to reach X tons after eight years of decline. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 9% share of total exports.

Exports from the United States decreased at an average annual rate of -8.6% from 2012 to 2021. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +5.2 percentage points.

In value terms, the United States ($X) remains the largest metal hot-worked helical spring supplier in Northern America, comprising 86% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports.

In the United States, metal hot-worked helical spring exports expanded at an average annual rate of +1.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2015 an increase of 40% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

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 Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Northern America

Metal hot-worked helical spring imports skyrocketed to X tons in 2021, rising by 29% against 2020. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of iron or steel hot-worked helical springs, committing 69% of total imports. It was distantly followed by Canada (X tons), mixing up a 31% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel hot-worked helical springs imports, with a CAGR of +6.1% from 2012 to 2021. Canada (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +22 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in Northern America, comprising 75% of total imports. The second position in the ranking was taken by Canada ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +4.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 3.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 5.1% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%).

Source: IndexBox Platform

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