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

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

The Austrian iron or steel leaf-spring market soared to $X in 2022, surging by 322% against the previous year. Overall, consumption continues to indicate a noticeable expansion. Iron or steel leaf-spring consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, iron or steel leaf-spring production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Iron or steel leaf-spring production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Austria

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel leaf-springs and leaves, when their volume decreased by -11.3% to X tons. Over the period under review, exports recorded a mild decline. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, iron or steel leaf-spring exports stood at $X in 2022. Overall, exports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Hungary (X tons) and France (X tons) were the main destinations of iron or steel leaf-spring exports from Austria, with a combined 69% share of total exports. Sweden, Belgium and the Netherlands lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +39.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and France ($X) appeared to be the largest markets for iron or steel leaf-spring exported from Austria worldwide, together comprising 62% of total exports. Sweden, Belgium and the Netherlands lagged somewhat behind, together comprising a further 19%.

The Netherlands, with a CAGR of +17.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Germany ($X per ton), while the average price for exports to Belgium ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.0%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Austria

Iron or steel leaf-spring imports into Austria dropped modestly to X tons in 2022, remaining relatively unchanged against the year before. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports fell to $X in 2022. In general, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of iron or steel leaf-spring to Austria, accounting for a 52% share of total imports. Moreover, iron or steel leaf-spring imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and Poland (+15.5% per year).

In value terms, the largest iron or steel leaf-spring suppliers to Austria were Germany ($X), Romania ($X) and Hungary ($X), with a combined 72% share of total imports. Poland, the Czech Republic, Slovenia, Tunisia, Spain and India lagged somewhat behind, together accounting for a further 20%.

The Czech Republic, with a CAGR of +47.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, which is down by -9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Romania ($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 Czech Republic (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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