CIS: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in CIS

After six years of growth, the CIS market for iron or steel flat spiral or discs springs decreased by X% to $X in 2022. In general, consumption saw a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in CIS

In value terms, metal spiral or discs spring production fell modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in CIS

In 2022, after four years of growth, there was significant decline in shipments abroad of iron or steel flat spiral or discs springs, when their volume decreased by X% to X tons. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then fell notably in the following year.

In value terms, metal spiral or discs spring exports reduced rapidly to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Belarus prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), making up a X% share of total exports. Kazakhstan (X tons) took a relatively small share of total exports.

Exports from Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest metal spiral or discs spring supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Belarus, metal spiral or discs spring exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in CIS

In 2022, supplies from abroad of iron or steel flat spiral or discs springs decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports reduced notably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Russia was the largest importer of iron or steel flat spiral or discs springs in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons) and Belarus (X tons). All these countries together held approx. X% share of total imports. Azerbaijan (X tons) took a minor share of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in the CIS, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Kazakhstan, with an X% share.

In Russia, metal spiral or discs spring imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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