Benelux: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Benelux

In 2021, the Benelux metal hot-worked helical spring market increased by 7% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Benelux

In value terms, metal hot-worked helical spring production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Benelux

In 2021, overseas shipments of iron or steel hot-worked helical springs were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which amounted to 81% of total exports. It was distantly followed by Belgium (X tons), generating a 19% share of total exports.

The Netherlands was also the fastest-growing in terms of the iron or steel hot-worked helical springs exports, with a CAGR of +5.1% from 2012 to 2021. Belgium (-1.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-10.4 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest metal hot-worked helical spring supplier in Benelux, comprising 72% of total exports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +8.6%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, which is down by -4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2020 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Benelux

For the sixth consecutive year, Benelux recorded growth in supplies from abroad of iron or steel hot-worked helical springs, which increased by 11% to X tons in 2021. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.0% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 14%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium was the main importer of iron or steel hot-worked helical springs in Benelux, with the volume of imports accounting for X tons, which was approx. 64% of total imports in 2021. It was distantly followed by the Netherlands (X tons), committing a 35% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.0%).

In value terms, the largest metal hot-worked helical spring importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +6.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, surging by 8% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%).

Source: IndexBox Platform