Eastern Europe: Steel Spring Market 2025

Steel Spring Market Size in Eastern Europe

The East European steel spring market shrank notably to $X in 2021, with a decrease of -17.7% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Steel Spring Production in Eastern Europe

In value terms, steel spring production dropped to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Steel Spring Exports

Exports in Eastern Europe

In 2021, shipments abroad of steel springs and leaves for springs increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steel spring exports surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Poland (X tons) and the Czech Republic (X tons) represented the major exporters of steel springs and leaves for springs in Eastern Europe, together mixing up 61% of total exports. Hungary (X tons) took a 9.6% share (based on physical terms) of total exports, which put it in second place, followed by Romania (8.1%) and Russia (7.3%). The following exporters - Slovakia (X tons) and Bulgaria (X tons) - each amounted to a 6.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +13.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest steel spring supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 73% share of total exports.

Poland, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, approximately reflecting the previous year. Overall, the export price showed a slight increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the other leaders experienced more modest paces of growth.

Steel Spring Imports

Imports in Eastern Europe

In 2021, purchases abroad of steel springs and leaves for springs was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, steel spring imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Hungary (X tons), Romania (X tons) and Slovakia (X tons) were the largest importers of steel springs and leaves for springs, together creating 86% of total imports. Belarus (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel spring importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 56% share of total imports. Russia, Romania, Slovakia and Belarus lagged somewhat behind, together accounting for a further 36%.

Romania, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 7.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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