Europe: Steel Spring Market 2024

Steel Spring Market Size in Europe

The Europe steel spring market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Steel Spring Production in Europe

In value terms, steel spring production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Steel Spring Exports

Exports in Europe

In 2022, exports of steel springs and leaves for springs in Europe reduced to X tons, with a decrease of X% on 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, steel spring exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of steel springs and leaves for springs, making up X% of total exports. Poland (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Spain (X%) and Italy (X%). The following exporters - France (X tons), Hungary (X tons), Belgium (X tons), Romania (X tons), the Netherlands (X tons), Austria (X tons), Sweden (X tons) and the UK (X tons) - together made up X% of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of steel springs and leaves for springs. At the same time, Hungary (X%), Poland (X%), Sweden (X%), Romania (X%), the Czech Republic (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Spain and Austria experienced a relatively flat trend pattern. By contrast, Italy (X%), the Netherlands (X%), the UK (X%) and France (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Spain ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Steel Spring Imports

Imports in Europe

In 2022, approx. X tons of steel springs and leaves for springs were imported in Europe; reducing by X% against the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. 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, steel spring imports contracted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by Poland (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), the Czech Republic (X tons), France (X tons) and Belgium (X tons) represented the largest importers of steel springs and leaves for springs, together generating X% of total imports. Hungary (X tons), Russia (X tons), Romania (X tons), Spain (X tons) and Slovakia (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 Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported steel springs and leaves for springs in Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Germany, steel 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

The import price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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