Spain: Steel Spring Market 2024

Steel Spring Market Size in Spain

The Spanish steel spring market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, faced a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Steel Spring Production in Spain

In value terms, steel spring production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

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Steel Spring Exports

Exports from Spain

In 2022, exports of steel springs and leaves for springs from Spain declined to X tons, with a decrease of X% compared with 2021. In general, 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. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, steel spring exports dropped slightly 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%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of steel spring exports from Spain, together accounting for X% of total exports. Belgium, Sweden, Portugal, Poland, Morocco, Italy and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for steel spring exported from Spain were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total exports. Belgium, Portugal, Poland, Morocco, Sweden, Italy and the Czech Republic lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel spring export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X 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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Spring Imports

Imports into Spain

After two years of decline, supplies from abroad of steel springs and leaves for springs increased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, steel spring imports reached $X in 2022. Overall, imports recorded a mild increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of steel spring imports to Spain, together accounting for X% of total imports. Tunisia, Hungary, China, France, Croatia, Romania, Switzerland, the Netherlands, the UK and Portugal lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of steel springs and leaves for springs to Spain, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Italy (X% per year).

Import Prices by Country

The average steel spring import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Croatia ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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