U.S.: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in the U.S.

In 2022, the U.S. metal spring washer market increased by 4% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.2% against the previous year. Metal spring washer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Production in the U.S.

In value terms, metal spring washer production dropped to $X in 2022. Overall, production showed a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6% against the previous year. Metal spring washer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Spring Washer Exports

Exports from the U.S.

Metal spring washer exports from the United States shrank slightly to X tons in 2022, declining by -2.5% on 2021. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.8% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 23%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports surged to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main destinations of metal spring washer exports from the United States, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for iron or steel spring washers exports from the United States, comprising 37% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports. It was followed by China, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+4.2% per year) and China (+11.4% per year).

Export Prices by Country

In 2022, the average metal spring washer export price amounted to $X per ton, with an increase of 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 when the average export price increased by 29%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.6%), while the prices for the other major destinations experienced a decline.

Metal Spring Washer Imports

Imports into the U.S.

In 2022, purchases abroad of iron or steel spring washers increased by 24% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.6% over the period 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 32% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, metal spring washer imports soared to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest metal spring washer supplier to the United States, accounting for a 47% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.0% per year) and Taiwan (Chinese) (+2.9% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest metal spring washer suppliers to the United States, together comprising 59% of total imports. Italy, Japan, Mexico and India lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Mexico, with a CAGR of +21.0%, saw the highest rates of growth with regard to 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

The average metal spring washer import price stood at $X per ton in 2022, shrinking by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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