Singapore - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in Singapore - 2022
Contents:
- Price for Metal Spiral or Discs Spring in Singapore (FOB) - 2022
- Price for Metal Spiral or Discs Spring in Singapore (CIF) - 2022
- Exports of Metal Spiral or Discs Spring in Singapore
- Imports of Metal Spiral or Discs Spring in Singapore
Price for Metal Spiral or Discs Spring in Singapore (FOB) - 2022
The average export price for iron or steel flat spiral or discs springs stood at $8,847 per ton in 2022, waning by -41.8% against the previous year. In general, the export price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 51%. The export price peaked at $18,038 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,434 per ton), while the average price for exports to Japan ($4,913 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 Hong Kong SAR (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metal Spiral or Discs Spring in Singapore (CIF) - 2022
The average import price for iron or steel flat spiral or discs springs stood at $7,708 per ton in 2022, declining by -15.6% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 69% against the previous year. As a result, import price reached the peak level of $16,692 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 ($25,237 per ton), while the price for Taiwan (Chinese) ($3,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metal Spiral or Discs Spring in Singapore
In 2022, exports of iron or steel flat spiral or discs springs from Singapore skyrocketed to 3.6K tons, increasing by 77% compared with the previous year's figure. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal spiral or discs spring exports totaled $32M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Metal Spiral or Discs Spring in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 14.2 | 11.0 | 12.7 | 12.8 | -3.4% |
Indonesia | 3.9 | 3.8 | 4.8 | 4.8 | 7.2% |
India | 1.8 | 1.5 | 2.3 | 2.3 | 8.5% |
China | 1.6 | 1.6 | 2.2 | 2.2 | 11.2% |
Hong Kong SAR | 1.9 | 1.7 | 1.3 | 1.6 | -5.6% |
United States | 1.1 | 1.0 | 1.2 | 1.2 | 2.9% |
Thailand | 1.3 | 1.1 | 1.0 | 1.1 | -5.4% |
Philippines | 0.9 | 0.5 | 0.8 | 0.8 | -3.9% |
Japan | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
Others | 4.2 | 3.1 | 4.7 | 5.0 | 6.0% |
Total | 31.0 | 25.6 | 31.2 | 32.2 | 1.3% |
Top Export Markets for Metal Spiral or Discs Spring from Singapore in 2022:
- Malaysia (1953.8 tons)
- Indonesia (536.8 tons)
- China (210.6 tons)
- Hong Kong SAR (208.4 tons)
- India (150.7 tons)
- Thailand (149.5 tons)
- Philippines (82.0 tons)
- United States (71.0 tons)
- Japan (55.8 tons)
Imports of Metal Spiral or Discs Spring in Singapore
In 2022, approx. 2.6K tons of iron or steel flat spiral or discs springs were imported into Singapore; growing by 61% against 2021. Over the period under review, imports showed a significant expansion. 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 soared to $20M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Metal Spiral or Discs Spring in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.1 | 3.9 | 5.9 | 7.0 | 19.5% |
Germany | 4.7 | 4.7 | 2.3 | 4.6 | -0.7% |
China | 1.5 | 1.1 | 1.8 | 2.1 | 11.9% |
Malaysia | 1.5 | 1.5 | 1.1 | 1.6 | 2.2% |
Thailand | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
Taiwan (Chinese) | 0.6 | 0.3 | 0.3 | 0.5 | -5.9% |
United Kingdom | 0.6 | 0.5 | 0.3 | 0.5 | -5.9% |
Others | 1.8 | 1.7 | 2.4 | 3.1 | 19.9% |
Total | 15.2 | 13.9 | 14.6 | 19.8 | 9.2% |
Top Suppliers of Metal Spiral or Discs Spring to Singapore in 2022:
- United States (1113.0 tons)
- China (653.5 tons)
- Germany (180.4 tons)
- Taiwan (Chinese) (149.6 tons)
- Malaysia (126.3 tons)
- Thailand (88.2 tons)
- United Kingdom (80.8 tons)
This report provides an in-depth analysis of the market for metal spiral or discs spring in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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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
This report provides an in-depth analysis of the market for metal spiral or discs spring in Singapore.
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Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...