South-Eastern Asia: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in South-Eastern Asia

The Southeast Asian market for iron or steel leaf-springs and leaves dropped to $X in 2020, with a decrease of -X% against the previous year. Overall, consumption recorded a mild decline. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in South-Eastern Asia

In value terms, production of iron or steel leaf-springs and leaves contracted to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Production By Country in South-Eastern Asia

The country with the largest volume of production of iron or steel leaf-springs and leaves was Indonesia (X tons), accounting for X% of total volume. Moreover, production of iron or steel leaf-springs and leaves in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), fourfold. Malaysia (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia totaled -X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (-X% per year) and Malaysia (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in South-Eastern Asia

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves contracted sharply to $X in 2020. Total exports indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Indonesia was the major exporter of iron or steel leaf-springs and leaves in South-Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by Thailand (X tons), Malaysia (X tons) and Vietnam (X tons), together constituting a X% share of total exports.

Indonesia experienced a relatively flat trend pattern with regard to volume of exports of iron or steel leaf-springs and leaves. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Indonesia ($X) remains the largest iron or steel leaf-spring and leave supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Indonesia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-X% per year) and Vietnam (+X% per year).

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in South-Eastern Asia stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in South-Eastern Asia

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves dropped to $X in 2020. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Thailand represented the major importing country with an import of around X tons, which resulted at X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Myanmar (X%), the Philippines (X%) and Indonesia (X%). Singapore (X tons) occupied a relatively small share of total imports.

Thailand was also the fastest-growing in terms of the iron or steel leaf-springs and leaves imports, with a CAGR of +X% from 2007 to 2020. At the same time, Vietnam (+X%), Indonesia (+X%), the Philippines (+X%) and Malaysia (+X%) displayed positive paces of growth. By contrast, Myanmar (-X%) and Singapore (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Singapore (-X p.p.) and Myanmar (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron or steel leaf-spring and leave importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for X% of total imports. Indonesia, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further X terms of the main importing countries, the Philippines recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in South-Eastern Asia stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2014 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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