Czech Republic: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in the Czech Republic

The Czech market for iron or steel flat spiral or discs springs soared to $X in 2021, increasing by 16% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2015 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Iron or Steel Flat Spiral or Discs Springs in the Czech Republic

In value terms, metal spiral or discs spring production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 68%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from the Czech Republic

After three years of decline, shipments abroad of iron or steel flat spiral or discs springs increased by 14% to X tons in 2021. Overall, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Poland (X tons) and the UK (X tons) were the main destinations of metal spiral or discs spring exports from the Czech Republic, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel flat spiral or discs springs exports from the Czech Republic, comprising 50% of total exports. The second position in the ranking was held by Poland ($X), with a 9.8% share of total exports. It was followed by Hungary, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+0.9% per year) and Hungary (+7.5% per year).

Export Prices by Country

In 2021, the average export price for iron or steel flat spiral or discs springs amounted to $X per ton, rising by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Turkey (+14.8%), 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 the Czech Republic

For the fourth year in a row, the Czech Republic recorded decline in purchases abroad of iron or steel flat spiral or discs springs, which decreased by -0.9% to X tons in 2021. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 24%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring imports stood at $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal spiral or discs spring to the Czech Republic, accounting for a 52% share of total imports. Moreover, metal spiral or discs spring imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+22.9% per year) and Poland (+12.3% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to the Czech Republic, comprising 55% of total imports. The second position in the ranking was taken by the UK ($X), with a 6% share of total imports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.2% per year) and Italy (-3.5% per year).

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 56%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :