South-Eastern Asia: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in South-Eastern Asia

The Southeast Asian metal spring washer market rose modestly to $X in 2022, surging by 5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Spring Washer Production in South-Eastern Asia

In value terms, metal spring washer production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Spring Washer Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of iron or steel spring washers were exported in South-Eastern Asia; falling by -14.9% on the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, metal spring washer exports fell markedly to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 31%. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

In 2022, Thailand (X tons) represented the major exporter of iron or steel spring washers, making up 53% of total exports. It was distantly followed by Singapore (X tons), Vietnam (X tons) and Malaysia (X tons), together constituting a 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest metal spring washer supplier in South-Eastern Asia, comprising 56% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by Vietnam, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to +11.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+7.7% per year) and Vietnam (+13.6% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, which is down by -2.6% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer export price increased by +17.6% against 2019 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 29%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.6%), while the other leaders experienced more modest paces of growth.

Metal Spring Washer Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of iron or steel spring washers increased by 0.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports totaled $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons), Singapore (X tons), Malaysia (X tons), Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons) was the key importer of iron or steel spring washers in South-Eastern Asia, achieving 96% of total import. Myanmar (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +65.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported iron or steel spring washers in South-Eastern Asia, comprising 34% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by Vietnam, with a 15% share.

In Thailand, metal spring washer imports plunged by an average annual rate of -1.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-4.7% per year) and Vietnam (+10.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 33%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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