EU: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in the EU

In 2022, the EU metal hot-worked helical spring market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in the EU

In value terms, metal hot-worked helical spring production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in the EU

In 2022, approx. X tons of iron or steel hot-worked helical springs were exported in the European Union; shrinking by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 reduced in the following year.

In value terms, metal hot-worked helical spring exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared 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 dropped in the following year.

Exports by Country

Germany was the largest exporter of iron or steel hot-worked helical springs in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Hungary (X%) and Sweden (X%). The following exporters - France (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons) and Bulgaria (X tons) - together made up X% of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of iron or steel hot-worked helical springs. At the same time, Hungary (X%), Poland (X%), Bulgaria (X%), the Czech Republic (X%), Sweden (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Italy (X%) and France (X%) illustrated a downward trend over the same period. Poland (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Italy, France and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal hot-worked helical spring supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

In Germany, metal hot-worked helical spring exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in the EU

In 2022, approx. X tons of iron or steel hot-worked helical springs were imported in the European Union; waning by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports declined 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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X tons) and Poland (X tons) were the largest importers of iron or steel hot-worked helical springs in the European Union, together achieving X% of total imports. It was distantly followed by the Czech Republic (X tons), France (X tons), Romania (X tons), Slovakia (X tons) and Belgium (X tons), together committing a X% share of total imports. The Netherlands (X tons), Spain (X tons), Austria (X tons), Italy (X tons), Hungary (X tons) and Sweden (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 key importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in the European Union, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Germany, metal hot-worked helical spring imports expanded at 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: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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