Belgium: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Belgium

The Belgian metal spring washer market shrank slightly to $X in 2022, with a decrease of -4.4% against the previous year. Over the period under review, consumption saw a mild curtailment. Metal spring washer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Metal Spring Washer Production in Belgium

In value terms, metal spring washer production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 232%. Metal spring washer production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Metal Spring Washer Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel spring washers, when their volume decreased by -48.8% to X tons. Over the period under review, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 99% against the previous year. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, metal spring washer exports contracted sharply to $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 82%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

France (X tons) was the main destination for metal spring washer exports from Belgium, accounting for a 28% share of total exports. Moreover, metal spring washer exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Luxembourg (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.7% per year) and Luxembourg (+13.6% per year).

In value terms, the largest markets for metal spring washer exported from Belgium were Luxembourg ($X), France ($X) and Germany ($X), with a combined 56% share of total exports. The UK, the United States, the Netherlands, Spain, Brazil, Sweden, Japan, India, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Japan, with a CAGR of +35.4%, recorded the highest growth rate of the value of exports, 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 metal spring washer export price amounted to $X per ton, picking up by 28% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer export price increased by +31.8% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Belgium

After two years of growth, supplies from abroad of iron or steel spring washers decreased by -13.3% to X tons in 2022. Over the period under review, imports, however, posted a modest increase. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, metal spring washer imports contracted modestly to $X in 2022. In general, imports showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 30%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal spring washer supplier to Belgium, accounting for a 37% share of total imports. Moreover, metal spring washer imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.8% per year) and France (-1.0% per year).

In value terms, the largest metal spring washer suppliers to Belgium were Germany ($X), the Netherlands ($X) and Switzerland ($X), with a combined 64% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +38.9%, saw the highest growth rate of the value of imports, 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 metal spring washer import price amounted to $X per ton, growing by 10% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Spain ($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 (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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