Report Saudi Arabia - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Saudi Arabia - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Saudi Arabia

In 2022, the Saudi iron or steel leaf-spring market decreased by 99.9% to less than $X, falling for the second consecutive year after two years of growth. In general, consumption showed a deep setback. Iron or steel leaf-spring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Saudi Arabia

In value terms, iron or steel leaf-spring production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Saudi Arabia

In 2022, the amount of iron or steel leaf-springs and leaves exported from Saudi Arabia skyrocketed to X tons, with an increase of 69% against the previous year's figure. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 1,314% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports stood at $X in 2022. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 911% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for iron or steel leaf-spring exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +13.6%.

In value terms, Egypt ($X) also remains the key foreign market for iron or steel leaf-springs and leaves exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to +16.6%.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, falling by -39.4% against the previous year. Over the period under review, the export price, however, posted a moderate expansion. The growth pace was the most rapid in 2021 an increase of 103%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +20.1% per year.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Saudi Arabia

After two years of growth, overseas purchases of iron or steel leaf-springs and leaves decreased by -33.5% to X tons in 2021. In general, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 when imports increased by 94% against the previous year. 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, iron or steel leaf-spring imports shrank markedly to $X in 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of iron or steel leaf-spring to Saudi Arabia, accounting for a 65% share of total imports. Moreover, iron or steel leaf-spring imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and India (-2.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Saudi Arabia, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.8% per year) and China (+2.0% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2021, waning by -13.5% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of consumption of iron or steel leaf-springs and leaves, comprising approx. 29% of total volume. Moreover, consumption of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.4% share.
China constituted the country with the largest volume of production of iron or steel leaf-springs and leaves, accounting for 30% of total volume. Moreover, production of iron or steel leaf-springs and leaves in China exceeded the figures recorded by the second-largest producer, Mexico, twofold. The third position in this ranking was occupied by India, with a 9.1% share.
In value terms, the largest iron or steel leaf-spring and leave suppliers to Saudi Arabia were the United Arab Emirates, Germany and China, together accounting for 70% of total imports. Turkey and India lagged somewhat behind, together comprising a further 12%.
In value terms, Bahrain remains the key foreign market for iron or steel leaf-spring and leave exports from Saudi Arabia, comprising 44% of total exports. The second position in the ranking was occupied by China, with a 13% share of total exports. It was followed by Sudan, with a 7.8% share.
In 2021, the average export price for iron or steel leaf-springs and leaves amounted to $2,181 per ton, jumping by 17% against the previous year.
The average import price for iron or steel leaf-springs and leaves stood at $1,973 per ton in 2021, waning by -5.9% against the previous year.

This report provides an in-depth analysis of the market for iron or steel leaf-spring in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
  • Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
  • Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor

Country coverage:

  • Saudi Arabia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Saudi Arabia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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