Germany: Steel Spring Market 2025

Steel Spring Market Size in Germany

In 2021, the German steel spring market was finally on the rise to reach $X after two years of decline. In general, consumption showed a perceptible descent. Steel spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Steel Spring Production in Germany

In value terms, steel spring production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Steel spring production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Steel Spring Exports

Exports from Germany

After three years of decline, overseas shipments of steel springs and leaves for springs increased by 10% 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 being observed in certain years. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, steel spring 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 being recorded in certain years. Over the period under review, the exports reached the maximum at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Poland (X tons), the United States (X tons) and the UK (X tons) were the main destinations of steel spring exports from Germany, together comprising 30% of total exports. These countries were followed by the Czech Republic, China, France, Austria, the Netherlands, Hungary, Spain, Italy, Chile and Belgium, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel spring exported from Germany were Poland ($X), China ($X) and the Czech Republic ($X), together accounting for 28% of total exports. The United States, Austria, Hungary, France, the UK, Italy, the Netherlands, Spain, Belgium and Chile lagged somewhat behind, together comprising a further 40%.

Chile, with a CAGR of +31.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average steel spring export price amounted to $X per ton, surging by 6.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 10%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Chile ($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 Belgium (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Spring Imports

Imports into Germany

In 2021, purchases abroad of steel springs and leaves for springs increased by 22% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, steel spring imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the Czech Republic (X tons) and Sweden (X tons) were the main suppliers of steel spring imports to Germany, together comprising 35% of total imports. Turkey, the Netherlands, Poland, China, Austria, Italy, Hungary, France, Romania and Portugal lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel spring suppliers to Germany were the Czech Republic ($X), Poland ($X) and the Netherlands ($X), with a combined 33% share of total imports.

Poland, with a CAGR of +20.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average steel spring import price amounted to $X per ton, approximately equating the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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