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

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

The Europe iron or steel leaf-spring market rose sharply to $X in 2023, surging by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, iron or steel leaf-spring production rose notably to $X in 2023 estimated in export price. Overall, production, however, saw a mild decline. 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 Europe

Iron or steel leaf-spring exports was estimated at X tons in 2023, with an increase of X% on the previous year's figure. Overall, exports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports reached $X in 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Spain (X tons), distantly followed by Germany (X tons), Belgium (X tons), Austria (X tons), Romania (X tons), France (X tons) and the Czech Republic (X tons) were the key exporters of iron or steel leaf-springs and leaves, together generating X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Spain (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 Europe were Germany ($X), Spain ($X) and Belgium ($X), together accounting for X% of total exports. Austria, France, Romania and the Czech Republic lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 Europe amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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 Europe

In 2023, iron or steel leaf-spring imports in Europe rose notably to X tons, increasing by X% compared with 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports totaled $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some 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. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Germany (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Italy (X tons), Belgium (X tons), Russia (X tons) and France (X tons) were the main importers of iron or steel leaf-springs and leaves, together achieving X% of total imports. Hungary (X tons), Sweden (X tons), the UK (X tons), Austria (X tons), Spain (X tons) and Ukraine (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to iron or steel leaf-spring imports into Germany stood at X%. At the same time, Poland (X%), the UK (X%), the Netherlands (X%), Italy (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. France experienced a relatively flat trend pattern. By contrast, Sweden (X%), Belgium (X%), Russia (X%), Austria (X%), Spain (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), the Netherlands (X p.p.), the UK (X p.p.) and Italy (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Austria (X p.p.), Spain (X p.p.), Ukraine (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices attained the peak figure 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 UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform