EU: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in the EU

In 2022, the EU iron or steel leaf-spring market increased by 8.2% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a perceptible reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in the EU

In value terms, iron or steel leaf-spring production contracted dramatically to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.8% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in the EU

Iron or steel leaf-spring exports fell significantly to X tons in 2022, dropping by -16.6% compared with the previous year. Overall, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The volume of export peaked 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 declined to $X in 2022. Over the period under review, exports recorded a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) and Germany (X tons) were the main exporters of iron or steel leaf-springs and leaves in 2022, amounting to near 25% and 19% of total exports, respectively. Austria (X tons) ranks next in terms of the total exports with a 9.4% share, followed by Romania (8.5%), France (7%), Belgium (6.9%) and the Czech Republic (5.4%).

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +1.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest iron or steel leaf-spring supplying countries in the European Union were Germany ($X), Spain ($X) and Belgium ($X), together comprising 54% of total exports. Austria, France, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 23%.

The Czech Republic, with a CAGR of +2.0%, 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 the European Union stood at $X per ton in 2022, rising by 7.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Romania ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in the EU

Iron or steel leaf-spring imports reduced to X tons in 2022, waning by -6% on 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports contracted modestly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the largest importer of iron or steel leaf-springs and leaves, constituting 30% of total imports. The Netherlands (X tons) took the second position in the ranking, followed by Italy (X tons), Poland (X tons), France (X tons), Hungary (X tons), Sweden (X tons) and Belgium (X tons). All these countries together took near 55% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel leaf-spring imports into Germany stood at -2.6%. At the same time, Poland (+10.5%), Hungary (+3.3%), the Netherlands (+2.5%) and Italy (+2.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +10.5% from 2012-2022. France and Sweden experienced a relatively flat trend pattern. By contrast, Belgium (-5.9%) illustrated a downward trend over the same period. While the share of Poland (+6.2 p.p.), the Netherlands (+3.2 p.p.), Italy (+2.3 p.p.) and Hungary (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-3.9 p.p.) and Germany (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in the European Union, comprising 26% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Italy, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at -2.6%. In the other countries, the average annual rates were as follows: the Netherlands (+3.8% per year) and Italy (+0.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 5.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.4% against the previous year. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Hungary ($X per ton), while Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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