Saudi Arabia: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Saudi Arabia

The Saudi market for iron or steel flat spiral or discs springs skyrocketed to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, saw a perceptible reduction. Metal spiral or discs spring consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Saudi Arabia

In value terms, metal spiral or discs spring production surged to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Saudi Arabia

In 2021, after three years of decline, there was significant decline in overseas shipments of iron or steel flat spiral or discs springs, when their volume decreased by X% to X tons. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. In general, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons), the United Arab Emirates (X kg) and Jordan (X kg) were the main destinations of metal spiral or discs spring exports from Saudi Arabia, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and the United States ($X) constituted the largest markets for metal spiral or discs spring exported from Saudi Arabia worldwide, with a combined X% share of total exports. Oman and Jordan lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Saudi Arabia

In 2023, metal spiral or discs spring imports into Saudi Arabia totaled X tons, remaining relatively unchanged against 2022. Over the period under review, imports showed a sharp decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring imports totaled $X in 2023. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of metal spiral or discs spring to Saudi Arabia, with a X% share of total imports. Moreover, metal spiral or discs spring imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, the largest metal spiral or discs spring suppliers to Saudi Arabia were China ($X), Sweden ($X) and the United States ($X), with a combined X% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, leveling off at the previous year. Overall, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform