Belgium: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Belgium

The Belgian market for iron or steel flat spiral or discs springs soared to $X in 2021, growing by 123% against the previous year. Overall, consumption, however, saw a slight contraction. Metal spiral or discs spring consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Belgium

In value terms, metal spiral or discs spring production rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. Metal spiral or discs spring production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Belgium

In 2021, after two years of growth, there was decline in shipments abroad of iron or steel flat spiral or discs springs, when their volume decreased by -3.8% to X tons. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 101% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, metal spiral or discs spring exports rose significantly to $X in 2021. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), France (X tons) and Brazil (X tons) were the main destinations of metal spiral or discs spring exports from Belgium, with a combined 46% share of total exports. These countries were followed by Mexico, Germany, China, Portugal, Bulgaria, the Netherlands, Russia, Hungary, Bosnia and Herzegovina and Italy, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +67.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Brazil ($X) and Mexico ($X) appeared to be the largest markets for metal spiral or discs spring exported from Belgium worldwide, with a combined 33% share of total exports. Poland, Germany, China, Portugal, Bosnia and Herzegovina, Bulgaria, the Netherlands, Hungary, Italy and Russia lagged somewhat behind, together comprising a further 31%.

Bosnia and Herzegovina, with a CAGR of +73.3%, recorded 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

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Belgium

For the third year in a row, Belgium recorded growth in purchases abroad of iron or steel flat spiral or discs springs, which increased by 22% to X tons in 2021. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal spiral or discs spring imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal spiral or discs spring imports to Belgium, together comprising 65% of total imports. Poland, Hungary, the UK, Romania, China, Italy and Croatia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest metal spiral or discs spring suppliers to Belgium, with a combined 55% share of total imports.

Romania, with a CAGR of +55.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, rising by 24% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring import price increased by +76.3% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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