EU: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in the EU

The EU metal hot-worked helical spring market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a mild downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in the EU

In value terms, metal hot-worked helical spring production soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in the EU

In 2021, overseas shipments of iron or steel hot-worked helical springs were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern 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, metal hot-worked helical spring exports surged to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the main exporter of iron or steel hot-worked helical springs in the European Union, with the volume of exports amounting to X tons, which was approx. 48% of total exports in 2021. Poland (X tons) ranks second in terms of the total exports with a 12% share, followed by the Czech Republic (11%) and Sweden (5.2%). The following exporters - Hungary (X tons), the Netherlands (X tons), France (X tons), Italy (X tons), Spain (X tons) and Bulgaria (X tons) - together made up 18% of total exports.

Exports from Germany increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Hungary (+20.4%), Poland (+13.1%), Bulgaria (+10.2%), Sweden (+7.3%), the Czech Republic (+5.9%) and the Netherlands (+5.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +20.4% from 2012-2021. By contrast, Spain (-1.3%), Italy (-4.2%) and France (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Hungary and the Czech Republic increased by +6.6, +2.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal hot-worked helical spring supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.8% share of total exports. It was followed by Poland, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +3.3%. In the other countries, the average annual rates were as follows: the Czech Republic (+5.7% per year) and Poland (+13.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 12%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in the EU

After two years of decline, purchases abroad of iron or steel hot-worked helical springs increased by 15% to X tons in 2021. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons) and Poland (X tons) represented roughly 38% of total imports in 2021. The Czech Republic (X tons) ranks next in terms of the total imports with an 8.5% share, followed by France (6.3%), Belgium (6.3%), Slovakia (5.6%) and Romania (5.2%). Spain (X tons), Austria (X tons), Hungary (X tons), Italy (X tons), the Netherlands (X tons) and Sweden (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in the European Union, comprising 24% of total imports. The second position in the ranking was taken by Poland ($X), with a 10% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +5.0%. In the other countries, the average annual rates were as follows: Poland (+9.8% per year) and the Czech Republic (+3.3% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 9.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached 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 Hungary ($X per ton), while Belgium ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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