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

Market Size for Iron or Steel Leaf-Springs and Leaves in Eastern Europe

The East European iron or steel leaf-spring market rose rapidly to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Eastern Europe

In value terms, iron or steel leaf-spring production stood at $X in 2023 estimated in export price. In general, production, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in Eastern Europe

In 2023, the amount of iron or steel leaf-springs and leaves exported in Eastern Europe stood at X tons, rising by X% on 2022 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports soared to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Romania represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Russia (X%) and Hungary (X%). Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Hungary, Latvia and Russia lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 2023, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, 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 Leaf-Springs and Leaves

Imports in Eastern Europe

In 2023, approx. X tons of iron or steel leaf-springs and leaves were imported in Eastern Europe; rising by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports soared to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Poland was the main importer of iron or steel leaf-springs and leaves in Eastern Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Hungary (X%), Ukraine (X%) and Romania (X%). The following importers - Belarus (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Poland, iron or steel leaf-spring imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Russia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform