Europe: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Europe

The Europe metal self-locking nut market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Self-Locking Nut Production in Europe

In value terms, metal self-locking nut production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 4.4% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports in Europe

In 2021, shipments abroad of iron or steel nuts (including self-locking nuts) increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor 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 self-locking nut exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the largest exporter of iron or steel nuts (including self-locking nuts) in Europe, with the volume of exports resulting at X tons, which was approx. 38% of total exports in 2021. The Netherlands (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.9%), Belgium (6.7%), France (6.3%) and Denmark (4.8%). Spain (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Belgium (+11.8%), Spain (+5.9%), Denmark (+5.4%), Italy (+4.4%) and the Netherlands (+3.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of +11.8% from 2012-2021. By contrast, France (-2.0%) illustrated a downward trend over the same period. While the share of Belgium (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal self-locking nut supplier in Europe, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Italy, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +4.2%. In the other countries, the average annual rates were as follows: France (+2.1% per year) and Italy (+6.4% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 an increase of 8.3% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Metal Self-Locking Nut Imports

Imports in Europe

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were imported in Europe; jumping by 21% against 2020 figures. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% 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, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Italy (X tons), Russia (X tons), Poland (X tons), France (X tons) and the UK (X tons) represented the largest importers of iron or steel nuts (including self-locking nuts), together generating 74% of total imports. The following importers - Slovakia (X tons), the Czech Republic (X tons), Belgium (X tons), Hungary (X tons) and Austria (X tons) - together made up 15% of total imports.

Imports into Germany increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Hungary (+13.2%), Spain (+11.4%), Poland (+7.1%), Austria (+6.5%), Belgium (+6.3%), Italy (+5.4%), the Netherlands (+4.0%), Russia (+3.8%), France (+2.2%), the Czech Republic (+2.1%), the UK (+1.8%) and Slovakia (+1.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Europe, with a CAGR of +13.2% from 2012-2021. While the share of Spain (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Germany (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Europe, comprising 25% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8% share of total imports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +4.0%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+7.0% per year) and France (+0.4% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, rising by 5.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform