Europe: Metal Washer Market 2024

Metal Washer Market Size in Europe

The Europe metal washer market surged to $X in 2021, growing by 27% against the previous year. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Washer Production in Europe

In value terms, metal washer production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 117%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Metal Washer Exports

Exports in Europe

In 2021, shipments abroad of iron or steel washers was finally on the rise to reach 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 +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 17%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, metal washer exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations 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 represented the largest exporter of iron or steel washers in Europe, with the volume of exports amounting to X tons, which was near 36% of total exports in 2021. It was distantly followed by Italy (X tons), the Netherlands (X tons), Bosnia and Herzegovina (X tons) and Spain (X tons), together achieving a 36% share of total exports. The following exporters - France (X tons), Sweden (X tons), Belgium (X tons), the Czech Republic (X tons), the UK (X tons), Poland (X tons), Slovakia (X tons) and Russia (X tons) - together made up 22% of total exports.

Exports from Germany increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Spain (+24.6%), Bosnia and Herzegovina (+14.5%), the Netherlands (+12.6%), Russia (+8.0%), Slovakia (+7.5%), Italy (+6.2%), Sweden (+4.0%), Belgium (+3.3%) and the Czech Republic (+2.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +24.6% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, the UK (-1.3%) and Poland (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Spain, Bosnia and Herzegovina and Italy increased by +6.1, +3.9, +2.9 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal washer supplier in Europe, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with a 9.7% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +3.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+5.2% per year) and France (+1.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, surging by 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.6%), while the other leaders experienced more modest paces of growth.

Metal Washer Imports

Imports in Europe

In 2021, the amount of iron or steel washers imported in Europe skyrocketed to X tons, increasing by 25% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, 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 washer imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% 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 Russia (X tons) represented the major importers of iron or steel washers in 2021, reaching near 15% and 14% of total imports, respectively. It was followed by Spain (X tons), Poland (X tons), France (X tons), the Netherlands (X tons), the UK (X tons) and the Czech Republic (X tons), together mixing up a 42% share of total imports. Italy (X tons), Belgium (X tons), Austria (X tons), Slovakia (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer importing markets in Europe were Germany ($X), the UK ($X) and the Czech Republic ($X), together accounting for 36% of total imports.

In terms of the main importing countries, the UK, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, surging by 1.6% against the previous year. Overall, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 8.8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform