EU: Steel Spring Market 2024

Steel Spring Market Size in the EU

In 2022, the EU steel spring market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption continues to indicate a slight curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Steel Spring Production in the EU

In value terms, steel spring production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Steel Spring Exports

Exports in the EU

In 2022, exports of steel springs and leaves for springs in the European Union reduced to X tons, waning by X% compared with 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, steel spring exports contracted to $X in 2022. The total export value 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of steel springs and leaves for springs, comprising X% of total exports. Poland (X tons) ranks second in terms of the total exports with an X% share, followed by the Czech Republic (X%), Spain (X%), Italy (X%) and France (X%). Hungary (X tons), Belgium (X tons), Romania (X tons), the Netherlands (X tons), Austria (X tons) and Sweden (X tons) followed a long way behind the leaders.

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 the European Union, with a CAGR of X% from 2012-2022. Spain and Austria experienced a relatively flat trend pattern. By contrast, Italy (X%), the Netherlands (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Hungary increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, steel spring exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

Steel spring imports reduced to X tons in 2022, which is down by X% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, steel spring imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by Poland (X tons), Italy (X tons), the Netherlands (X tons), the Czech Republic (X tons), France (X tons), Belgium (X tons), Hungary (X tons) and Romania (X tons) were the major importers of steel springs and leaves for springs, together making up X% of total imports. The following importers - Spain (X tons), Slovakia (X tons), Sweden (X tons) and Austria (X tons) - each reached a X% share of total imports.

From 2012 to 2022, 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, Germany ($X) constitutes the largest market for imported steel springs and leaves for springs in the European Union, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Germany, steel spring imports increased 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, picking up by X% against the previous year. In general, the import price saw slight growth. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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