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

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

The South Asian market for iron or steel leaf-springs and leaves rose slightly to $X in 2020, surging by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

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

In value terms, production of iron or steel leaf-springs and leaves rose to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Production By Country in Southern Asia

The country with the largest volume of production of iron or steel leaf-springs and leaves was India (X tons), comprising approx. X% of total volume. Moreover, production of iron or steel leaf-springs and leaves in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold.

In India, production of iron or steel leaf-springs and leaves remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Sri Lanka (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Southern Asia

In 2020, overseas shipments of iron or steel leaf-springs and leaves increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves surged to $X in 2020. Total exports indicated a moderate increase 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 increased by +X% against 2016 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of iron or steel leaf-springs and leaves, namely India, represented more than two-thirds of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of iron or steel leaf-springs and leaves. While the share of India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest iron or steel leaf-spring and leave supplier in Southern Asia.

In India, exports of iron or steel leaf-springs and leaves expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in Southern Asia stood at $X per ton in 2020, picking up by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Southern Asia

In 2020, approx. X tons of iron or steel leaf-springs and leaves were imported in Southern Asia; which is down by -X% on 2019 figures. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves contracted to $X in 2020. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

India was the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Bangladesh (X tons) and Nepal (X tons), together mixing up a X% share of total imports. Pakistan (X tons) occupied a little share of total imports.

India 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, Bangladesh (+X%), Nepal (+X%) and Pakistan (+X%) displayed positive paces of growth. India (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while Nepal and Pakistan saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, India ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Nepal ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual growth rate of value in India stood at +X%. In the other countries, the average annual rates were as follows: Nepal (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in Southern Asia stood at $X per ton in 2020, surging by X% against the previous year. Import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for iron or steel leaf-springs and leaves increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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