Europe: Steel Spring Market 2025

Steel Spring Market Size in Europe

In 2021, the Europe steel spring market decreased by -3.7% to $X, falling for the third consecutive year after three years of growth. In general, consumption recorded a slight decrease. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Steel Spring Production in Europe

In value terms, steel spring production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 9% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Steel Spring Exports

Exports in Europe

After three years of decline, shipments abroad of steel springs and leaves for springs increased by 17% to X tons in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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, steel spring exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of steel springs and leaves for springs, constituting 33% of total exports. Poland (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons). All these countries together took approx. 37% share of total exports. The following exporters - France (X tons), Belgium (X tons), Hungary (X tons), Sweden (X tons), Austria (X tons), Romania (X tons) and Russia (X tons) - together made up 21% of total exports.

From 2012 to 2021, average annual rates of growth with regard to steel spring exports from Germany stood at +2.0%. 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 Europe, with a CAGR of +13.2% from 2012-2021. Spain, Austria and Italy experienced a relatively flat trend pattern. By contrast, Russia (-3.0%) and France (-5.6%) illustrated a downward trend over the same period. While the share of Poland (+5.9 p.p.) and Hungary (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest steel spring supplier in Europe, comprising 41% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.9% share of total exports. It was followed by the Czech Republic, with a 6.6% share.

In Germany, steel spring exports increased at an average annual rate of +1.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+13.5% per year) and the Czech Republic (+3.6% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 9.9%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, 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 ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Steel Spring Imports

Imports in Europe

After two years of decline, overseas purchases of steel springs and leaves for springs increased by 16% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), followed by Poland (X tons), the UK (X tons), Russia (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), France (X tons) and the Czech Republic (X tons) were the largest importers of steel springs and leaves for springs, together making up 68% of total imports. Hungary (X tons), Romania (X tons), Slovakia (X tons) and Spain (X tons) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported steel springs and leaves for springs in Europe, comprising 19% of total imports. The second position in the ranking was held by Poland ($X), with an 8.6% share of total imports. It was followed by the Czech Republic, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +1.5%. In the other countries, the average annual rates were as follows: Poland (+6.9% per year) and the Czech Republic (+1.6% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, picking up by 4.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 5.5%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while Belgium ($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