France: Metal Washer Market 2024

Metal Washer Market Size in France

The French metal washer market rose significantly to $X in 2021, with an increase of 6.3% against the previous year. Overall, consumption, however, saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Production in France

In value terms, metal washer production declined sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep slump. The growth pace was the most rapid in 2019 with an increase of 2,763% against the previous year. Metal washer production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Washer Exports

Exports from France

In 2021, metal washer exports from France skyrocketed to X tons, jumping by 17% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 24%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal washer exports surged to $X in 2021. The total export value 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 throughout the analyzed period. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for metal washer exports from France, accounting for a 39% share of total exports. Moreover, metal washer exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.4% per year) and the Netherlands (-2.4% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel washers exports from France, comprising 25% of total exports. The second position in the ranking was held by Spain ($X), with a 6.6% share of total exports. It was followed by the Netherlands, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.5% per year) and the Netherlands (+3.4% per year).

Export Prices by Country

In 2021, the average metal washer export price amounted to $X per ton, rising by 8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, the average export prices reached the maximum 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 for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into France

In 2021, purchases abroad of iron or steel washers was finally on the rise to reach X tons after two years of decline. Overall, imports recorded prominent growth. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal washer imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% 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 2017 with an increase of 28%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal washer supplier to France, accounting for a 47% share of total imports. Moreover, metal washer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.1% per year) and China (+18.6% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel washers to France, comprising 37% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.4% per year) and the United States (+4.6% per year).

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, which is down by -17.3% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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