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EU - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

EU - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights

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Jun 14, 2022

EU Steel Spring Exports Hit Record $3.6B

IndexBox has just published a new report: 'EU - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2021, the EU steel spring market was finally on the rise to reach $4.2B after two years of decline. In general, consumption, however, recorded a slight downturn. The level of consumption peaked at $5.2B in 2008; however, from 2009 to 2021, consumption stood at a somewhat lower figure. 

EU Steel Spring Consumption by Country

Steel spring consumption in the EU totaled approx. 915K tons in 2021. Germany constituted the country with the largest volume of steel spring consumption, comprising approx. 28% of total volume. Moreover, steel spring consumption in Germany exceeded the figures recorded by the second-largest consumer, Italy, twofold. The third position in this ranking was occupied by Spain, with an 11% share. 

EU Steel Spring Production

After three years of decline, production of steel springs and leaves for springs increased by 8.1% to 1M tons in 2021. In general, production, however, showed a relatively flat trend pattern from 2007 to 2021. The most prominent rate of growth was recorded in 2010 when the production volume increased by 15%. The volume of production peaked at 1.2M tons in 2017; however, from 2018 to 2021, production failed to regain momentum. 

In value terms, production was estimated at approx. $4.3B in 2021. Overall, production, however, recorded a relatively flat trend pattern from 2007 to 2021. Over the period under review, production hit record highs at $4.9B in 2008; however, from 2009 to 2021, production remained at a lower figure.

EU Steel Spring Production by Country

The country with the largest volume of steel spring production was Germany, comprising approx. 36% of total volume. Moreover, steel spring production in Germany exceeded the figures recorded by the second-largest producer, Spain, threefold. The third position in this ranking was occupied by Italy, with a 12% share.

EU Steel Spring Exports

In 2021, after three years of decline, there was significant growth in shipments abroad of steel springs and leaves for springs, when their volume increased by 16% to 647K tons. This figure includes trade volumes between the EU countries and shipped outside the EU.

In value terms, exports skyrocketed to $3.6B in 2021. This figure includes trade between EU member countries. 

Exports by Country

In 2021, Germany (236K tons) represented the main exporter of steel springs and leaves for springs, creating 36% of total volume. It was distantly followed by Poland (72K tons), the Czech Republic (57K tons), Spain (55K tons), the Netherlands (34K tons) and Italy (31K tons), together mixing up a 38% share of total supplies. France (28K tons), Belgium (22K tons), Sweden (20K tons), Hungary (20K tons), Austria (19K tons) and Romania (18K tons) took a relatively small share of total exports.

In value terms, Germany ($1.7B) remains the largest steel spring supplier in the European Union, comprising 45% of total supplies. The second position in the ranking was occupied by Poland ($268M), with a 7.4% share of total exports. It was followed by the Czech Republic, with a 7.2% share.

From 2007 to 2021, the average annual rate of growth in terms of value in Germany amounted to +1.1%. In the other countries, the average annual rates were as follows: Poland (+12.7% per year) and the Czech Republic (+5.7% per year).

Export Prices by Country

The export price in the European Union stood at $5,624 per ton in 2021, surging by 1.8% against the previous year. Prices varied noticeably by the country of origin: the country with the highest price was France ($7,022 per ton), while Spain ($3,253 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced more modest paces of growth.

EU Steel Spring Imports

In 2021, supplies from abroad of steel springs and leaves for springs increased by 17% to 540K tons for the first time since 2017, thus ending a three-year declining trend. This figure includes trade volumes between the EU countries and shipped outside the EU. 

In value terms, imports surged to $2.8B in 2021. This figure includes trade between EU member countries. The total import value increased at an average annual rate of +1.3% over the period from 2007 to 2021.

Imports by Country

In 2021, Germany (119K tons), distantly followed by Poland (72K tons), Belgium (38K tons), the Netherlands (36K tons), France (34K tons), Italy (33K tons), the Czech Republic (32K tons), Hungary (29K tons) and Romania (26K tons) were the key importers of steel springs and leaves for springs, together making up 78% of total volume. Slovakia (21K tons), Austria (20K tons), Spain (20K tons) and Sweden (18K tons) followed a long way behind the leaders.

In value terms, Germany ($632M) constitutes the largest market for imported steel springs and leaves for springs in the European Union, comprising 23% of total purchases. The second position in the ranking was occupied by Poland ($288M), with a 10% share of total imports. It was followed by the Czech Republic, with an 8.5% share.

In Germany, steel spring imports increased at an average annual rate of +1.7% over the period from 2007-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+5.4% per year) and the Czech Republic (+2.7% per year).

Import Prices by Country

The import price in the European Union stood at $5,097 per ton in 2021, increasing by 4.5% against the previous year. Prices varied noticeably by the country of destination: the country with the highest price was Austria ($7,712 per ton), while Belgium ($2,966 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel spring market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
  • Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
  • Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
  • Prodcom 25931631 - Iron or steel hot-worked helical springs
  • Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
  • Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
  • Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
  • Prodcom 25931653 - Iron or steel flat spiral springs
  • Prodcom 25931655 - Iron or steel discs springs
  • Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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