Eastern Europe: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Eastern Europe

The East European market for iron or steel flat spiral or discs springs skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a mild reduction. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Eastern Europe

In value terms, metal spiral or discs spring production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Eastern Europe

In 2022, approx. X tons of iron or steel flat spiral or discs springs were exported in Eastern Europe; with a decrease of X% on the previous year's figure. Total exports indicated strong 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. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, metal spiral or discs spring exports contracted to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Poland represented the key exporter of iron or steel flat spiral or discs springs in Eastern Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Romania (X tons) and Slovakia (X tons). All these countries together took approx. X% share of total exports. The following exporters - Hungary (X tons), Belarus (X tons) and Lithuania (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal spiral or discs spring exports from Poland stood at X%. At the same time, Lithuania (X%), Romania (X%), Belarus (X%), Slovakia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Romania (X p.p.), Slovakia (X p.p.), Lithuania (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Hungary, Belarus and Lithuania lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Slovakia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Eastern Europe

In 2022, imports of iron or steel flat spiral or discs springs in Eastern Europe fell to X tons, reducing by X% on 2021. Over the period under review, imports saw a mild curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, metal spiral or discs spring imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons), distantly followed by the Czech Republic (X tons), Slovakia (X tons), Romania (X tons), Hungary (X tons) and Russia (X tons) represented the key importers of iron or steel flat spiral or discs springs, together committing X% of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Romania, Slovakia, Russia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then dropped modestly in the following year.

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

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

Source: IndexBox Platform

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