Denmark: Steel Spring Market 2025

Steel Spring Market Size in Denmark

After two years of decline, the Danish steel spring market increased by 20% to $X in 2021. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Steel spring consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Steel Spring Production in Denmark

In value terms, steel spring production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Steel spring production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Steel Spring Exports

Exports from Denmark

In 2021, overseas shipments of steel springs and leaves for springs increased by 1.1% to 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 +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 20%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, steel spring exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 32%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Sweden (X tons) and the United States (X tons) were the main destinations of steel spring exports from Denmark, with a combined 35% share of total exports. Germany, Poland, France, Hungary, Norway, the Czech Republic, Mexico, China, Lithuania and the Netherlands lagged somewhat behind, together comprising a further 53%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +44.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Poland ($X) and Sweden ($X) were the largest markets for steel spring exported from Denmark worldwide, together accounting for 33% of total exports.

The United States, with a CAGR of +36.9%, 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 steel spring export price stood at $X per ton in 2021, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($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 China (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Spring Imports

Imports into Denmark

For the fourth year in a row, Denmark recorded decline in overseas purchases of steel springs and leaves for springs, which decreased by -8.9% to X tons in 2021. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when imports increased by 28%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, steel spring imports rose modestly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 20%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of steel spring imports to Denmark, together accounting for 74% of total imports. These countries were followed by Finland, the UK, India, Poland, Turkey and the Netherlands, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel spring suppliers to Denmark were Germany ($X), Sweden ($X) and China ($X), together accounting for 64% of total imports. These countries were followed by the UK, Poland, Turkey, the Netherlands, India and Finland, which together accounted for a further 16%.

Among the main suppliers, Turkey, with a CAGR of +20.2%, saw the highest rates of growth with regard to 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

The average steel spring import price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Finland ($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 (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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