The 2011 Import and Export
Market for Iron, Steel, or
Copper Springs and Leaves for
Springs in Canada
By
Professor Philip M. Parker, Ph. D.
Chaired Professor of Management Science
INSEAD (Singapore & Fontainebleau, France)
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About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.
Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.
About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.
Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.
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Contents v
Table of Contents
1 INTRODUCTION AND METHODOLOGY 7
2 CANADA AND THE WORLD MARKET 9
2.1 Imports in Canada in 2011 9
2.2 Exports from Canada in 2011 10
3 IMPORTS IN CANADA 11
3.1 Africa 11
3.1.1 South Africa 11
3.2 Asia 12
3.2.1 China 12
3.2.2 India 13
3.2.3 Japan 14
3.2.4 Malaysia 15
3.2.5 Singapore 16
3.2.6 South Korea 17
3.2.7 Taiwan 18
3.3 Europe 19
3.3.1 Austria 19
3.3.2 Belgium 20
3.3.3 Denmark 21
3.3.4 Finland 22
3.3.5 France 23
3.3.6 Germany 24
3.3.7 Italy 25
3.3.8 Poland 26
3.3.9 Sweden 27
3.3.10 Switzerland 28
3.3.11 the Netherlands 29
3.3.12 the United Kingdom 30
3.4 Latin America 31
3.4.1 Argentina 31
3.4.2 Brazil 32
3.4.3 Mexico 33
3.5 North America & the Caribbean 34
3.5.1 Canada 34
3.5.2 the United States 35
3.6 Oceana 36
3.6.1 Australia 36
3.7 the Middle East 37
3.7.1 Iran 37
3.7.2 Turkey 38
4 EXPORTS FROM CANADA 39
4.1 Africa 39
4.1.1 Cameroon 39
4.1.2 South Africa 40
4.2 Asia 41
4.2.1 China 41
4.2.2 Hong Kong 42
4.2.3 India 43
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Contents vi
4.2.4 Indonesia 44
4.2.5 Japan 45
4.2.6 Malaysia 46
4.2.7 South Korea 47
4.3 Europe 48
4.3.1 Austria 48
4.3.2 Belgium 49
4.3.3 Finland 50
4.3.4 Hungary 51
4.3.5 Ireland 52
4.3.6 Italy 53
4.3.7 Norway 54
4.3.8 Poland 55
4.3.9 Romania 56
4.3.10 Russia 57
4.3.11 Sweden 58
4.3.12 the Netherlands 59
4.3.13 the United Kingdom 60
4.4 Latin America 61
4.4.1 Argentina 61
4.4.2 Brazil 62
4.4.3 Colombia 63
4.4.4 Costa Rica 64
4.4.5 Mexico 65
4.4.6 Panama 66
4.4.7 Peru 66
4.5 North America & the Caribbean 67
4.5.1 Canada 67
4.5.2 the United States 68
4.6 Oceana 69
4.6.1 Australia 69
4.6.2 New Zealand 70
4.7 the Middle East 71
4.7.1 Iran 71
4.7.2 Israel 72
4.7.3 Pakistan 73
4.7.4 Saudi Arabia 74
4.7.5 Turkey 75
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 76
5.1 Disclaimers & Safe Harbor 76
5.2 ICON Group Ltd. User Agreement Provisions 77
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Iron, Steel, or Copper Springs and Leaves for Springs in Canada 7
1 INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on iron, steel, or copper springs
and leaves for springs in Canada face a number of questions. Which countries are supplying iron,
steel, or copper springs and leaves for springs to Canada? How important is Canada compared to
others in terms of the entire global and regional market? How much do the imports of iron, steel,
or copper springs and leaves for springs vary from one country of origin to another in Canada?
On the supply side, Canada also exports iron, steel, or copper springs and leaves for springs.
Which countries receive the most exports from Canada? How are these exports concentrated
across buyers? What is the value of these exports and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for iron, steel, or copper springs and
leaves for springs in Canada. With the globalization of this market, managers can no longer be
contented with a local view. Nor can managers be contented with out-of-date statistics which
appear several years after the fact. I have developed a methodology, based on macroeconomic
and trade models, to estimate the market for iron, steel, or copper springs and leaves for springs
for those countries serving Canada via exports, or supplying from Canada via imports. It does so
for the current year based on a variety of key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Canada fits into the world market for
imported and exported iron, steel, or copper springs and leaves for springs. The total level of
imports and exports on a worldwide basis, and those for Canada in particular, is estimated using a
model which aggregates across over 150 key country markets and projects these to the current
year. From there, each country represents a percent of the world market. This market is served
from a number of competitive countries of origin. Based on both demand- and supply-side
dynamics, market shares by country of origin are then calculated across each country market
destination. These shares lead to a volume of import and export values for each country and are
aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood
estimates of both the value of each market and the share that Canada is likely to receive this year.
From these figures, rankings are calculated to allow managers to prioritize Canada compared to
other major country markets. In this way, all the figures provided in this report are forecasts that
can be combined with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of iron, steel, or copper
springs and leaves for springs, Chapter 3 goes into detail on imports, but for each major country
of origin serving Canada. A “major” market is defined as a country where Canada represents a
substantially large share of either imports or exports. For each major country exporting to
Canada, one can thus observe how important Canada is to that exporting country compared to
other countries of the world. Chapter 4 does the same, but for exports of iron, steel, or copper
springs and leaves for springs originating from Canada, for each major country of destination. In
doing so, one can discover the share that Canada has in each major market; this share value is
often used as a measure of competitiveness for Canada. In all cases, the total dollar volume and
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Iron, Steel, or Copper Springs and Leaves for Springs in Canada 8
percentage share values by major trading partner are provided. Combined, Chapters 3 and 4
present a the total picture for imports and exports of iron, steel, or copper springs and leaves for
springs to and from Canada to and from all other major countries in the world. "Iron, Steel, or
Copper Springs and Leaves for Springs" as a category is defined in this report following the
definition given by the United Nations Statistics Division Classification Registry using the
Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that
defined "iron, steel, or copper springs and leaves for springs" is 6994 . For more information on
this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=699 .
This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.
Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.
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Iron, Steel, or Copper Springs and Leaves for Springs in Canada 9
2 CANADA AND THE WORLD MARKET
2.1 IMPORTS IN CANADA IN 2011
Imported Iron, Steel, or Copper Springs and Leaves for Springs in Canada, 2011
(Structure of Foreign Import Competition)
Country of Origin Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
the United States 1 242,942 65.51 65.51
Mexico 2 64,344 17.35 82.86
China 3 19,781 5.33 88.19
Japan 4 14,635 3.95 92.14
Germany 5 10,677 2.88 95.02
the United Kingdom 6 3,768 1.02 96.04
India 7 2,225 0.60 96.64
Canada 8 2,177 0.59 97.22
France 9 1,627 0.44 97.66
Taiwan 10 1,556 0.42 98.08
Sweden 11 1,391 0.38 98.46
Italy 12 1,305 0.35 98.81
Singapore 13 750 0.20 99.01
Brazil 14 581 0.16 99.17
Turkey 15 527 0.14 99.31
the Netherlands 16 499 0.13 99.44
South Korea 17 327 0.09 99.53
Finland 18 279 0.08 99.61
Switzerland 19 271 0.07 99.68
Belgium 20 233 0.06 99.74
Denmark 21 181 0.05 99.79
Malaysia 22 164 0.04 99.84
Austria 23 158 0.04 99.88
Poland 24 141 0.04 99.92
Australia 25 141 0.04 99.96
Argentina 26 102 0.03 99.98
South Africa 27 34 0.01 99.99
Iran 28 30 0.01 100.00
Total 370,846 100.00 100.00
_________________________________________________________________________________________________________
Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com
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Iron, Steel, or Copper Springs and Leaves for Springs in Canada 10
2.2 EXPORTS FROM CANADA IN 2011
Iron, Steel, or Copper Springs and Leaves for Springs Exports from Canada, 2011
Country of Destination Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
the United States 1 497,552 89.89 89.89
Mexico 2 22,463 4.06 93.95
China 3 8,537 1.54 95.49
Italy 4 5,8