Eastern Europe: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Eastern Europe

The East European market for iron or steel flat spiral or discs springs contracted dramatically to $X in 2021, with a decrease of -69.6% against the previous year. Overall, consumption showed a deep slump. Over the period under review, the market attained the peak level at $X in 2020, and then reduced notably in the following year.

Production of Iron or Steel Flat Spiral or Discs Springs in Eastern Europe

In value terms, metal spiral or discs spring production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank dramatically in the following year.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Eastern Europe

Metal spiral or discs spring exports skyrocketed to X tons in 2021, picking up by 20% compared with the previous year's figure. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.5% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring exports surged to $X in 2021. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Poland represented the key exporting country with an export of about X tons, which recorded 49% of total exports. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Romania (X tons), Slovakia (X tons), Lithuania (X tons) and Hungary (X tons). All these countries together took near 46% share of total exports. Belarus (X tons) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +13.3% from 2012 to 2021. At the same time, Lithuania (+58.6%), Romania (+28.6%), Belarus (+21.5%), Hungary (+15.2%) and Slovakia (+15.0%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +58.6% from 2012-2021. By contrast, the Czech Republic (-2.4%) illustrated a downward trend over the same period. Poland (+14 p.p.), Romania (+6.4 p.p.), Lithuania (+5.6 p.p.), Slovakia (+2.6 p.p.), Hungary (+2.3 p.p.) and Belarus (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by -32.4% from 2012 to 2021, respectively.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2021, with a combined 79% share of total exports. Slovakia, Hungary, Lithuania and Belarus lagged somewhat behind, together accounting for a further 19%.

Among the main exporting countries, Lithuania, with a CAGR of +47.3%, recorded the highest rates of growth with regard to 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

The export price in Eastern Europe stood at $X per ton in 2021, reducing by -2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 when the export price increased by 19%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then reduced modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Eastern Europe

In 2021, purchases abroad of iron or steel flat spiral or discs springs was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons), distantly followed by Hungary (X tons), Romania (X tons), the Czech Republic (X tons), Slovakia (X tons) and Russia (X tons) represented the largest importers of iron or steel flat spiral or discs springs, together committing 91% of total imports. Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 65% share of total imports. Romania, Slovakia, Russia and Ukraine lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Russia, with a CAGR of +10.1%, 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

In 2021, the import price in Eastern Europe amounted to $X per ton, rising by 9.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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