Europe: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Europe

In 2022, the Europe metal self-tapping screw market increased by 3.4% to $X, rising for the second year in a row after two years of decline. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.5% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Self-Tapping Screw Production in Europe

In value terms, metal self-tapping screw production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Self-Tapping Screw Exports

Exports in Europe

In 2022, metal self-tapping screw exports in Europe reached X tons, approximately reflecting the previous year's figure. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.7% against 2012 indices. The pace of growth was the most pronounced in 2017 when exports increased by 13%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, metal self-tapping screw exports totaled $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons), distantly followed by the Czech Republic (X tons), Poland (X tons), Italy (X tons), Switzerland (X tons) and the Netherlands (X tons) represented the key exporters of iron or steel self-tapping screws, together committing 75% of total exports. Slovakia (X tons), Austria (X tons), Spain (X tons), France (X tons), Belarus (X tons), Sweden (X tons) and Russia (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal self-tapping screw supplier in Europe, comprising 44% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 10% share of total exports. It was followed by Switzerland, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +6.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+7.7% per year) and Switzerland (+0.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 8.7% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.4%), while the other leaders experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports in Europe

In 2022, purchases abroad of iron or steel self-tapping screws increased by 1.1% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal self-tapping screw imports amounted to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia (X tons) and Germany (X tons) represented roughly 39% of total imports in 2022. Italy (X tons) took the next position in the ranking, followed by Poland (X tons), France (X tons), the Czech Republic (X tons) and the UK (X tons). All these countries together took near 28% share of total imports. The following importers - the Netherlands (X tons), Austria (X tons), Spain (X tons), Switzerland (X tons), Slovakia (X tons) and Romania (X tons) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +9.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel self-tapping screws in Europe, comprising 22% of total imports. The second position in the ranking was taken by Russia ($X), with an 8.3% share of total imports. It was followed by France, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +7.2%. In the other countries, the average annual rates were as follows: Russia (+6.1% per year) and France (+5.3% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by 6.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.7%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Russia ($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 (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform