Italy: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Italy

In 2021, after four years of decline, there was significant growth in the Italian market for iron or steel flat spiral or discs springs, when its value increased by 305% to $X. Overall, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Iron or Steel Flat Spiral or Discs Springs in Italy

In value terms, metal spiral or discs spring production surged to $X in 2021 estimated in export price. Overall, production showed significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Italy

In 2021, shipments abroad of iron or steel flat spiral or discs springs increased by 13% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main destinations of metal spiral or discs spring exports from Italy, with a combined 45% share of total exports. Slovakia, Romania, France, Turkey, Canada, Slovenia, Hungary, China, the Czech Republic and the United States lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel flat spiral or discs springs exports from Italy, comprising 24% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.2% per year) and France (-6.1% per year).

Export Prices by Country

In 2021, the average export price for iron or steel flat spiral or discs springs amounted to $X per ton, increasing by 8.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Slovenia ($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 China (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Italy

In 2021, overseas purchases of iron or steel flat spiral or discs springs were finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports reached $X in 2021. In general, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 8.8% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of metal spiral or discs spring imports to Italy, with a combined 45% share of total imports. Spain, Romania, Croatia, Taiwan (Chinese), Turkey, Slovakia, South Korea, the United States and the Czech Republic lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +72.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Italy, comprising 36% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by South Korea, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.1% per year) and South Korea (+65.8% per year).

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Romania ($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 United States (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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