EU: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in the EU

The EU iron or steel leaf-spring market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2018 when the market value increased by X%. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in the EU

In value terms, iron or steel leaf-spring production contracted dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in the EU

In 2022, exports of iron or steel leaf-springs and leaves in the European Union dropped to X tons, waning by X% compared with the previous year. Overall, exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports declined to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Austria (X%), Romania (X%), France (X%), the Czech Republic (X%) and Italy (X%).

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring supplying countries in the European Union were Germany ($X), Spain ($X) and Belgium ($X), together comprising X% of total exports. Austria, France, Romania, Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in the EU

In 2022, the amount of iron or steel leaf-springs and leaves imported in the European Union dropped modestly to X tons, shrinking by X% on 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports expanded modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany represented the main importer of iron or steel leaf-springs and leaves in the European Union, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Italy (X tons), the Netherlands (X tons), Poland (X tons), Belgium (X tons), France (X tons), Hungary (X tons) and Sweden (X tons), together achieving a X% share of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Hungary (X%) and Italy (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands, France and Sweden experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. Poland (X p.p.), Italy (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

In Germany, iron or steel leaf-spring imports decreased by 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: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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