United Kingdom - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSteel Spring Price in the UK - 2023
Contents:
- Steel Spring Price in the UK (CIF) - 2023
- Steel Spring Price in the UK (FOB) - 2022
- Steel Spring Imports in the UK
- Steel Spring Exports in the UK
Steel Spring Price in the UK (CIF) - 2023
The average steel spring import price stood at $4,172 per ton in June 2023, which is down by -3.6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 17% against the previous month. The import price peaked at $4,789 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($6,465 per ton), while the price for Turkey ($1,757 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Hungary (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Spring Price in the UK (FOB) - 2022
In 2022, the average steel spring export price amounted to $9,407 per ton, increasing by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($28,930 per ton), while the average price for exports to Belgium ($2,856 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 Austria (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Spring Imports in the UK
In 2022, approx. 49K tons of steel springs and leaves for springs were imported into the UK; declining by -17.4% on 2021 figures. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
In value terms, steel spring imports shrank to $191M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $218M, and then contracted in the following year.
| Import of Steel Spring in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 63.4 | 61.0 | 53.7 | 58.2 | -2.8% |
| Turkey | 35.1 | 29.3 | 43.8 | 28.0 | -7.3% |
| China | 8.8 | 7.8 | 15.1 | 16.2 | 22.6% |
| Czech Republic | 10.0 | 5.7 | 16.7 | 10.3 | 1.0% |
| India | 3.9 | 3.3 | 5.9 | 7.6 | 24.9% |
| Sweden | 7.5 | 8.7 | 12.6 | 6.7 | -3.7% |
| Hungary | 5.4 | 5.1 | 9.0 | 6.2 | 4.7% |
| Poland | 2.7 | 2.6 | 7.4 | 5.4 | 26.0% |
| Netherlands | 5.6 | 5.5 | 3.8 | 4.6 | -6.3% |
| France | 5.4 | 5.5 | 6.3 | 3.7 | -11.8% |
| Greece | 3.1 | 3.7 | 2.9 | N/A | -3.3% |
| Others | 38.3 | 32.0 | 40.6 | 44.3 | 5.0% |
| Total | 189 | 170 | 218 | 191 | 0.4% |
Top Suppliers of Steel Spring to the UK in 2022:
- Greece (undefinedK tons)
- Turkey (15.3K tons)
- Germany (12.7K tons)
- China (4.8K tons)
- Czech Republic (2.8K tons)
- India (2.7K tons)
- Sweden (1.8K tons)
- Poland (1.4K tons)
- Hungary (1.2K tons)
- Netherlands (0.7K tons)
- France (0.7K tons)
Steel Spring Exports in the UK
Steel spring exports from the UK shrank slightly to 15K tons in 2022, dropping by -3.1% compared with the year before. In general, exports continue to indicate a deep slump.
In value terms, steel spring exports expanded modestly to $138M in 2022. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 4.8% against the previous year.
| Export of Steel Spring in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.9 | 16.3 | 17.3 | 23.1 | 3.4% |
| Germany | 18.0 | 15.6 | 17.6 | 17.4 | -1.1% |
| China | 8.1 | 10.3 | 11.4 | 10.1 | 7.6% |
| Italy | 15.7 | 9.7 | 11.0 | 9.6 | -15.1% |
| Sweden | 6.8 | 7.4 | 9.1 | 8.4 | 7.3% |
| India | 7.3 | 4.9 | 5.8 | 6.8 | -2.3% |
| Belgium | 5.2 | 6.5 | 5.9 | 6.5 | 7.7% |
| Ireland | 8.4 | 7.3 | 6.5 | 5.5 | -13.2% |
| France | 7.3 | 4.7 | 3.6 | 4.6 | -14.3% |
| Poland | 5.3 | 3.6 | 4.3 | 4.5 | -5.3% |
| Netherlands | 3.6 | 3.1 | 4.2 | 3.6 | 0.0% |
| Spain | 5.0 | 3.1 | 2.9 | 2.1 | -25.1% |
| Others | 35.8 | 33.8 | 32.5 | 35.4 | -0.4% |
| Total | 147 | 126 | 132 | 138 | -2.1% |
Top Export Markets for Steel Spring from the UK in 2022:
- Germany (2.9K tons)
- Belgium (2.3K tons)
- Sweden (2.1K tons)
- Italy (1.7K tons)
- United States (0.8K tons)
- China (0.8K tons)
- Ireland (0.5K tons)
- Netherlands (0.4K tons)
- France (0.4K tons)
- Spain (0.4K tons)
- Poland (0.3K tons)
- India (0.3K tons)
This report provides an in-depth analysis of the steel spring market in the UK. 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
- Prodcom 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
- 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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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.
1028
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...
1438
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...
178
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.
1028
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...
1438
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...
