U.S.: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in the U.S.

In 2021, the U.S. market for iron or steel flat spiral or discs springs increased by 2.7% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Production of Iron or Steel Flat Spiral or Discs Springs in the U.S.

In value terms, metal spiral or discs spring production fell modestly to $X in 2021. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from the U.S.

In 2021, shipments abroad of iron or steel flat spiral or discs springs decreased by -13.3% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports stood at $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 21%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of metal spiral or discs spring exports from the United States, with a combined 68% share of total exports. These countries were followed by Costa Rica, Hungary, Ireland, Jamaica, the UK and Germany, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) appeared to be the largest markets for metal spiral or discs spring exported from the United States worldwide, with a combined 54% share of total exports. These countries were followed by Ireland, Costa Rica, the UK, Germany, Hungary and Jamaica, which together accounted for a further 18%.

Ireland, with a CAGR of +47.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Jamaica ($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 Germany (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into the U.S.

In 2021, the amount of iron or steel flat spiral or discs springs imported into the United States skyrocketed to X tons, with an increase of 53% on the year before. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Lithuania (X tons) were the main suppliers of metal spiral or discs spring imports to the United States, with a combined 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +3,535.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring suppliers to the United States were Germany ($X), Mexico ($X) and Japan ($X), together comprising 52% of total imports. Canada, China, Lithuania, Taiwan (Chinese), Turkey, India, South Korea, Malaysia and the Dominican Republic lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Lithuania, with a CAGR of +1,087.4%, recorded 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

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, shrinking by -14.3% against the previous year. Over the period under review, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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