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Report World - Iron or Steel Spring Washers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Iron or Steel Spring Washers - Market Analysis, Forecast, Size, Trends and Insights

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Global Metal Spring Washer Market 2024

Metal Spring Washer Market Size

In 2022, the global metal spring washer market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.6%. Over the period under review, the global market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Spring Washer Production

In value terms, metal spring washer production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 7.1%. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports

In 2022, global metal spring washer exports reduced to X tons, remaining relatively unchanged against 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; 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 29%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China was the largest exporter of iron or steel spring washers in the world, with the volume of exports finishing at X tons, which was near 35% of total exports in 2022. It was distantly followed by Germany (X tons), Italy (X tons) and the United States (X tons), together constituting a 33% share of total exports. Poland (X tons), Bosnia and Herzegovina (X tons), India (X tons), Japan (X tons), France (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and Sweden (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +22.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal spring washer supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by China ($X), with an 11% share of global exports. It was followed by the United States, with an 8.8% share.

In Germany, metal spring washer exports increased at an average annual rate of +3.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+4.6% per year) and the United States (+6.1% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2014 when the average export price increased by 8.5% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.7%), while the other global leaders experienced more modest paces of growth.

Metal Spring Washer Imports

Imports

In 2022, global metal spring washer imports fell to X tons, shrinking by -5.1% against 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, metal spring washer imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of metal spring washer imports in 2022 were the United States (X tons), Mexico (X tons), Germany (X tons) and Romania (X tons), together amounting to 36% of total import. It was followed by Austria (X tons), comprising a 4.5% share of total imports. Japan (X tons), France (X tons), Canada (X tons), Poland (X tons), the Czech Republic (X tons), South Korea (X tons), Brazil (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +18.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, together comprising 29% of global imports. Austria, France, Poland, the Czech Republic, Romania, Brazil, the UK, Japan, Canada and South Korea lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Poland, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, with an increase of 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of metal spring washer consumption was China, accounting for 24% of total volume. Moreover, metal spring washer consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.4% share.
China constituted the country with the largest volume of metal spring washer production, comprising approx. 32% of total volume. Moreover, metal spring washer production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 10% share.
In value terms, Germany remains the largest metal spring washer supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by the United States, with a 7.9% share of global exports. It was followed by Sweden, with a 7.3% share.
In value terms, Germany, the United States and Mexico constituted the countries with the highest levels of imports in 2021, with a combined 29% share of global imports. Austria, Poland, France, the Czech Republic, Romania, Japan, Saudi Arabia, Canada, Spain and South Korea lagged somewhat behind, together comprising a further 26%.
In 2021, the average metal spring washer export price amounted to $10,701 per ton, approximately equating the previous year.
The average metal spring washer import price stood at $8,235 per ton in 2021, reducing by -4.2% against the previous year.

This report provides an in-depth analysis of the global metal spring washer market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25941210 - Iron or steel spring washers and other lock washers

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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