South-Eastern Asia: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in South-Eastern Asia

The Southeast Asian metal hot-worked helical spring market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in South-Eastern Asia

In value terms, metal hot-worked helical spring production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in South-Eastern Asia

In 2021, shipments abroad of iron or steel hot-worked helical springs was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 48%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Thailand was the major exporting country with an export of about X tons, which amounted to 43% of total exports. Indonesia (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (15%), Singapore (11%) and Vietnam (4.6%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal hot-worked helical spring supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), together accounting for 85% of total exports. Malaysia and Vietnam lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Vietnam, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2017 when the export price increased by 19%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in South-Eastern Asia

After two years of decline, supplies from abroad of iron or steel hot-worked helical springs increased by 43% to X tons in 2021. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Thailand (X tons), Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons) represented roughly 95% of total imports in 2021. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 73% share of total imports.

Vietnam, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, waning by -8.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 6.8%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+15.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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