Italy: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Italy

In 2022, the Italian iron or steel leaf-spring market increased by 31% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.3% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Italy

In value terms, iron or steel leaf-spring production surged to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Italy

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported from Italy; waning by -17% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 13% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for iron or steel leaf-spring exports from Italy, with a 60% share of total exports. Moreover, iron or steel leaf-spring exports to France exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Indonesia (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.8% per year) and Indonesia (+85.5% per year).

In value terms, France ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Italy, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.1% per year) and Indonesia (+65.7% per year).

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, picking up by 4.1% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 an increase of 8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Italy

Iron or steel leaf-spring imports into Italy contracted to X tons in 2022, waning by -6.7% on 2021 figures. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports contracted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest iron or steel leaf-spring supplier to Italy, with a 68% share of total imports. Moreover, iron or steel leaf-spring imports from Tunisia exceeded the figures recorded by the second-largest supplier, Romania (X tons), ninefold. The third position in this ranking was held by Turkey (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+9.0% per year) and Turkey (+16.3% per year).

In value terms, Tunisia ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Italy, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total imports. It was followed by Romania, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Romania (+8.1% per year).

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, falling by -1.6% against the previous year. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 6%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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