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

Market Size for Iron or Steel Leaf-Springs and Leaves in the Czech Republic

The Czech iron or steel leaf-spring market surged to $X in 2022, growing by 40% against the previous year. In general, consumption recorded a pronounced setback. Iron or steel leaf-spring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in the Czech Republic

In value terms, iron or steel leaf-spring production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from the Czech Republic

In 2022, iron or steel leaf-spring exports from the Czech Republic dropped notably to X tons, which is down by -21.5% against the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 31%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports declined to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for iron or steel leaf-spring exports from the Czech Republic, accounting for a 50% share of total exports. Moreover, iron or steel leaf-spring exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.7% per year) and Belgium (-4.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from the Czech Republic, comprising 41% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by the UK, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.3% per year) and the UK (-0.6% per year).

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($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 Finland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into the Czech Republic

Iron or steel leaf-spring imports into the Czech Republic fell to X tons in 2022, shrinking by -14.4% against the previous year. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 6.5%. Over the period under review, imports attained the peak figure 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 shrank to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 17%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest iron or steel leaf-spring supplier to the Czech Republic, with a 46% share of total imports. Moreover, iron or steel leaf-spring imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.8% per year) and Poland (-12.2% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to the Czech Republic, comprising 56% of total imports. The second position in the ranking was taken by Austria ($X), with a 9.9% share of total imports. It was followed by Belgium, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+23.7% per year) and Belgium (+14.3% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, rising by 2.9% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel leaf-spring import price increased by +26.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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