South-Eastern Asia: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in South-Eastern Asia

In 2021, the Southeast Asian market for iron or steel flat spiral or discs springs increased by 15% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a mild setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in South-Eastern Asia

In value terms, metal spiral or discs spring production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 37%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in South-Eastern Asia

In 2021, overseas shipments of iron or steel flat spiral or discs springs were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, showed a noticeable descent. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) was the largest exporter of iron or steel flat spiral or discs springs, achieving 53% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 19% share, followed by Indonesia (14%) and Singapore (11%). Vietnam (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal spiral or discs spring exports from Thailand stood at -2.6%. At the same time, Indonesia (+1.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +1.7% from 2012-2021. By contrast, Malaysia (-2.6%), Vietnam (-9.9%) and Singapore (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Thailand and Malaysia increased by +5.3, +5.2 and +1.7 percentage points, respectively.

In value terms, Thailand ($X) remains the largest metal spiral or discs spring supplier in South-Eastern Asia, comprising 51% of total exports. The second position in the ranking was taken by Singapore ($X), with a 24% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-2.9% per year) and Malaysia (+1.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 2.3% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring export price decreased by -2.2% against 2018 indices. The growth pace was the most rapid in 2018 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: 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 (+10.9%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in South-Eastern Asia

After two years of growth, purchases abroad of iron or steel flat spiral or discs springs decreased by -14.1% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) and Thailand (X tons) represented the largest importers of iron or steel flat spiral or discs springs in South-Eastern Asia, together constituting 67% of total imports. Vietnam (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (4.9%). Indonesia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 77% share of total imports. The Philippines, Singapore and Indonesia lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, the Philippines, with a CAGR of +24.6%, saw the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 35% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 (+20.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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