United Kingdom: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in the UK

In 2020, the UK market for iron or steel leaf-springs and leaves decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in the UK

In value terms, production of iron or steel leaf-springs and leaves reduced markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from the UK

In 2020, overseas shipments of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves rose remarkably to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), Italy (X tons) and China (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from the UK, together accounting for X% of total exports. These countries were followed by the Netherlands, France, Brazil, India, Germany, Belgium and Norway, which together accounted for a further X 2007 to 2020, the biggest increases were in Brazil (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Norway ($X) and Brazil ($X) appeared to be the largest markets for iron or steel leaf-spring and leave exported from the UK worldwide, together comprising X% of total exports.

Among the main countries of destination, Brazil (+X% per year) recorded the highest growth rate of 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

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, jumping by X% against the previous year. In general, export price indicated a strong expansion 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. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into the UK

In 2020, supplies from abroad of iron or steel leaf-springs and leaves was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. In general, imports enjoyed a notable increase. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Imports 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 shrank to $X in 2020. Overall, imports enjoyed a slight increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to the UK, with a combined X% share of total imports. Turkey, the Netherlands, the Czech Republic, Belgium, Sweden, France, Hungary, Canada and Malaysia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel leaf-spring and leave to the UK, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :