Eastern Europe: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Eastern Europe

The East European iron or steel leaf-spring market contracted to $X in 2022, shrinking by -6.8% against the previous year. Overall, consumption saw a abrupt shrinkage. The level of 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 Eastern Europe

In value terms, iron or steel leaf-spring production totaled $X in 2022 estimated in export price. Overall, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2015 with an increase of 32% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in Eastern Europe

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported in Eastern Europe; waning by -6.2% on the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports reached $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Romania (X tons), distantly followed by the Czech Republic (X tons), Russia (X tons), Hungary (X tons) and Poland (X tons) were the largest exporters of iron or steel leaf-springs and leaves, together making up 90% of total exports. The following exporters - Belarus (X tons) and Latvia (X tons) - each amounted to an 8.1% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of +46.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring supplying countries in Eastern Europe were Romania ($X), Hungary ($X) and the Czech Republic ($X), with a combined 64% share of total exports. Poland, Latvia, Russia and Belarus lagged somewhat behind, together accounting for a further 33%.

Among the main exporting countries, Latvia, with a CAGR of +44.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the export price increased by 14% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in Eastern Europe

In 2022, iron or steel leaf-spring imports in Eastern Europe fell to X tons, declining by -10.5% against 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 22%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports contracted modestly to $X in 2022. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of iron or steel leaf-springs and leaves, namely Poland, Russia and Hungary, represented more than two-thirds of total import. Romania (X tons) held the next position in the ranking, followed by Belarus (X tons). All these countries together took approx. 14% share of total imports. The following importers - Ukraine (X tons) and the Czech Republic (X tons) - together made up 7.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 63% share of total imports.

Among the main importing countries, Poland, with a CAGR of +8.7%, recorded 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

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 7.7% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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