Sudan: Steel Spring Market 2025

Steel Spring Market Size in Sudan

The Sudanese steel spring market rose remarkably to $X in 2021, picking up by 8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Steel Spring Exports

Exports from Sudan

In 2021, shipments abroad of steel springs and leaves for springs increased by 187% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, steel spring exports surged to $X in 2021. Overall, exports continue to indicate a resilient expansion. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X kg) was the main destination for steel spring exports from Sudan, with a 53% share of total exports. Moreover, steel spring exports to Uzbekistan exceeded the volume sent to the second major destination, China (X kg), threefold. The third position in this ranking was taken by Burkina Faso (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.4% per year) and Burkina Faso (0.0% per year).

In value terms, the largest markets for steel spring exported from Sudan were Burkina Faso ($X), Uzbekistan ($X) and China ($X), with a combined 94% share of total exports. Peru and Canada lagged somewhat behind, together comprising a further 5.9%.

Among the main countries of destination, Peru, with a CAGR of +8.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average steel spring export price amounted to $X per ton, surging by 190% against the previous year. In general, the export price posted a significant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 232%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.3%), while the prices for the other major destinations experienced a decline.

Steel Spring Imports

Imports into Sudan

In 2021, the amount of steel springs and leaves for springs imported into Sudan contracted to X tons, which is down by -12.2% compared with 2020. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of 70%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, steel spring imports soared to $X in 2021. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2016 with an increase of 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest steel spring supplier to Sudan, with a 55% share of total imports. Moreover, steel spring imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.0% per year) and Egypt (-21.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of steel springs and leaves for springs to Sudan, comprising 39% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Egypt, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-11.0% per year) and Egypt (-7.2% per year).

Import Prices by Country

In 2021, the average steel spring import price amounted to $X per ton, picking up by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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