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India - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in India - 2023
Contents:
- Price for Metal Spiral or Discs Spring in India (CIF) - 2023
- Price for Metal Spiral or Discs Spring in India (FOB) - 2023
- Imports of Metal Spiral or Discs Spring in India
- Exports of Metal Spiral or Discs Spring in India
Price for Metal Spiral or Discs Spring in India (CIF) - 2023
The average import price for iron or steel flat spiral or discs springs stood at $8,553 per ton in July 2023, which is down by -30.9% against the previous month. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in September 2022 an increase of 37% m-o-m. The import price peaked at $16,253 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($41,187 per ton), while the price for China ($1,970 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Spiral or Discs Spring in India (FOB) - 2023
The average export price for iron or steel flat spiral or discs springs stood at $6,390 per ton in July 2023, picking up by 4% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 38% m-o-m. The export price peaked at $7,791 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($10,519 per ton), while the average price for exports to Mexico ($2,012 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Spiral or Discs Spring in India
Metal spiral or discs spring imports into India contracted notably to 7.3K tons in 2022, which is down by -24.3% compared with the year before. In general, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 9.6K tons, and then shrank dramatically in the following year.
In value terms, metal spiral or discs spring imports expanded notably to $90M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
Import of Metal Spiral or Discs Spring in India (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 14.8 | 12.6 | 20.1 | 21.0 | 12.4% |
China | 12.0 | 9.6 | 12.4 | 13.0 | 2.7% |
Japan | 9.8 | 7.5 | 10.0 | 10.5 | 2.3% |
United States | 8.5 | 6.3 | 7.5 | 7.9 | -2.4% |
Hong Kong SAR | 6.2 | 6.5 | 6.1 | 6.5 | 1.6% |
United Kingdom | 4.7 | 3.3 | 4.3 | 4.5 | -1.4% |
Italy | 3.9 | 2.5 | 3.8 | 4.0 | 0.8% |
South Korea | 3.5 | 2.7 | 3.7 | 3.9 | 3.7% |
France | 2.2 | 1.6 | 2.6 | 2.7 | 7.1% |
Others | 16.0 | 12.0 | 14.3 | 16.2 | 0.4% |
Total | 81.6 | 64.6 | 84.8 | 90.1 | 3.4% |
Top Suppliers of Metal Spiral or Discs Spring to India in 2022:
- China (2629.9 tons)
- Germany (2444.2 tons)
- Japan (530.4 tons)
- Hong Kong SAR (218.1 tons)
- South Korea (211.9 tons)
- France (202.7 tons)
- Italy (159.0 tons)
- United States (144.7 tons)
- United Kingdom (118.7 tons)
Exports of Metal Spiral or Discs Spring in India
In 2022, the amount of iron or steel flat spiral or discs springs exported from India stood at 4.3K tons, approximately reflecting the previous year. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 83%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, metal spiral or discs spring exports totaled $24M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Metal Spiral or Discs Spring in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.6 | 2.7 | 5.5 | 5.4 | 27.6% |
Canada | 1.2 | 1.0 | 2.4 | 2.3 | 24.2% |
Japan | 2.2 | 1.5 | 2.1 | 2.1 | -1.5% |
Germany | 2.6 | 0.8 | 1.9 | 1.9 | -9.9% |
United Arab Emirates | 1.6 | 0.9 | 1.1 | 1.2 | -9.1% |
Nepal | 0.6 | 0.6 | 0.9 | 0.9 | 14.5% |
United Kingdom | 0.8 | 0.6 | 0.9 | 0.9 | 4.0% |
Italy | 0.4 | 0.3 | 0.8 | 0.7 | 20.5% |
Bangladesh | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
Sri Lanka | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
Spain | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
Sudan | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Uganda | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Others | 6.4 | 4.4 | 5.5 | 6.5 | 0.5% |
Total | 20.0 | 13.9 | 22.9 | 23.7 | 5.8% |
Top Export Markets for Metal Spiral or Discs Spring from India in 2022:
- United States (1131.7 tons)
- Canada (436.9 tons)
- Germany (327.4 tons)
- Nepal (280.3 tons)
- United Arab Emirates (277.3 tons)
- Bangladesh (262.1 tons)
- United Kingdom (149.3 tons)
- Uganda (136.3 tons)
- Sri Lanka (123.4 tons)
- Japan (113.3 tons)
- Sudan (92.3 tons)
- Spain (82.5 tons)
- Italy (70.3 tons)
This report provides an in-depth analysis of the market for metal spiral or discs spring in India. 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 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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