EU: Steel Spring Market 2025

Steel Spring Market Size in the EU

In 2021, the EU steel spring market decreased by -13.6% to $X, falling for the third consecutive year after three years of growth. In general, consumption saw a perceptible decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Steel Spring Production in the EU

In value terms, steel spring production expanded modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Steel Spring Exports

Exports in the EU

In 2021, overseas shipments of steel springs and leaves for springs were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel spring exports surged to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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 key exporting country with an export of around X tons, which recorded 35% of total exports. It was distantly followed by Poland (X tons), the Czech Republic (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons), together mixing up a 39% share of total exports. The following exporters - France (X tons), Belgium (X tons), Hungary (X tons), Sweden (X tons), Austria (X tons) and Romania (X tons) - together made up 19% of total exports.

Exports from Germany increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Hungary (+13.2%), Poland (+11.5%), Sweden (+5.9%), the Netherlands (+5.4%), the Czech Republic (+3.0%), Romania (+2.3%) and Belgium (+1.5%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.2% from 2012-2021. Spain, Austria and Italy experienced a relatively flat trend pattern. By contrast, France (-5.6%) illustrated a downward trend over the same period. Poland (+6.2 p.p.) and Hungary (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Italy and France saw its share reduced by -1.7% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest steel spring supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Poland ($X), with a 7.5% share of total exports. It was followed by the Czech Republic, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +1.5%. In the other countries, the average annual rates were as follows: Poland (+13.5% per year) and the Czech Republic (+3.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 1.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of export peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while Spain ($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 the EU

After two years of decline, supplies from abroad of steel springs and leaves for springs increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, steel spring imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor 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, Germany (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), France (X tons), the Czech Republic (X tons), Hungary (X tons) and Romania (X tons) represented the major importers of steel springs and leaves for springs, together mixing up 77% of total imports. Slovakia (X tons), Spain (X tons), Austria (X tons) and Sweden (X tons) took a minor 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, Germany ($X) constitutes the largest market for imported steel springs and leaves for springs in the European Union, comprising 23% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by the Czech Republic, with an 8.3% share.

In Germany, steel spring imports expanded at an average annual rate of +1.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+6.9% per year) and the Czech Republic (+1.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 3.6% 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 2020 an increase of 6.1%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :