Northern America: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Northern America

In 2021, the North American market for iron or steel flat spiral or discs springs increased by 2.4% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2015; afterwards, it flattened through to 2021.

Production of Iron or Steel Flat Spiral or Discs Springs in Northern America

In value terms, metal spiral or discs spring production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 16%. Over the period under review, production reached the peak level at $X in 2020, and then contracted modestly in the following year.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Northern America

In 2021, overseas shipments of iron or steel flat spiral or discs springs decreased by -12% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was near 92% of total exports in 2021. It was distantly followed by Canada (X tons), creating an 8.5% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of iron or steel flat spiral or discs springs. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest metal spiral or discs spring supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.3%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Northern America

In 2021, purchases abroad of iron or steel flat spiral or discs springs increased by 32% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the main importer of iron or steel flat spiral or discs springs in Northern America, with the volume of imports reaching X tons, which was near 69% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 31% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel flat spiral or discs springs imports, with a CAGR of +2.8% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

In the United States, metal spiral or discs spring imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Source: IndexBox Platform

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