Europe: Steel Spring Market 2024

Steel Spring Market Size in Europe

The Europe steel spring market totaled $X in 2023, increasing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Steel Spring Production in Europe

In value terms, steel spring production rose to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Steel Spring Exports

Exports in Europe

In 2023, the amount of steel springs and leaves for springs exported in Europe was estimated at X tons, approximately equating 2022 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, steel spring exports expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Germany was the key exporter of steel springs and leaves for springs in Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Poland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Spain (X%), the Netherlands (X%), Italy (X%) and France (X%). Romania (X tons), Belgium (X tons), Austria (X tons), Sweden (X tons), Hungary (X tons) and the UK (X tons) took a little share 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, Poland (X%), Hungary (X%), the Netherlands (X%), Romania (X%), the Czech Republic (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Spain, Belgium and Austria experienced a relatively flat trend pattern. By contrast, Italy (X%), the UK (X%) and France (X%) illustrated a downward trend over the same period. Poland (X p.p.), the Czech Republic (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and France saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, steel spring exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 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 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Steel Spring Imports

Imports in Europe

In 2023, approx. X tons of steel springs and leaves for springs were imported in Europe; picking up by X% on 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid 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 remained at a lower figure.

In value terms, steel spring imports rose rapidly to $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 remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

In 2023, Germany (X tons), distantly followed by Poland (X tons), the UK (X tons), the Netherlands (X tons), Italy (X tons), France (X tons), the Czech Republic (X tons) and Belgium (X tons) were the largest importers of steel springs and leaves for springs, together making up X% of total imports. The following importers - Russia (X tons), Spain (X tons), Hungary (X tons), Slovakia (X tons) and Romania (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, Germany ($X) constitutes the largest market for imported steel springs and leaves for springs in Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Germany, steel spring imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: 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 2023, picking up 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 2018 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.

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

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

Source: IndexBox Platform