Southern Asia: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Southern Asia

In 2021, the South Asian market for iron or steel flat spiral or discs springs increased by 5.8% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.2% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Southern Asia

In value terms, metal spiral or discs spring production stood at $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.3% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Southern Asia

In 2021, shipments abroad of iron or steel flat spiral or discs springs was finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a pronounced decrease. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports surged to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, India (X tons) was the key exporter of iron or steel flat spiral or discs springs in Southern Asia, making up 98% of total export.

India was also the fastest-growing in terms of the iron or steel flat spiral or discs springs exports, with a CAGR of -2.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal spiral or discs spring supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +1.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -10.1% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% 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 -17.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 46% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.9% per year.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Southern Asia

In 2021, after three years of decline, there was significant growth in overseas purchases of iron or steel flat spiral or discs springs, when their volume increased by 34% to X tons. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal spiral or discs spring imports surged to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 79% of total imports in 2021. Pakistan (X tons) held the second position in the ranking, followed by Sri Lanka (X tons). All these countries together took near 14% share of total imports. Bangladesh (X tons) and Nepal (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal spiral or discs spring imports into India stood at -3.2%. At the same time, Bangladesh (+19.6%) and Sri Lanka (+12.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +19.6% from 2012-2021. Nepal and Pakistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Sri Lanka and Bangladesh increased by +4.4 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in Southern Asia, comprising 89% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 3.6% share of total imports. It was followed by Pakistan, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Sri Lanka (+14.6% per year) and Pakistan (+1.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 24%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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