Netherlands: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in the Netherlands

In 2021, the Dutch metal hot-worked helical spring market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in the Netherlands

In value terms, metal hot-worked helical spring production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from the Netherlands

After two years of decline, shipments abroad of iron or steel hot-worked helical springs increased by 54% to X tons in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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

Germany (X tons) was the main destination for metal hot-worked helical spring exports from the Netherlands, accounting for a 47% share of total exports. Moreover, metal hot-worked helical spring exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+38.4% per year) and the UK (-7.4% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from the Netherlands, comprising 37% of total exports. The second position in the ranking was held by Sweden ($X), with an 8.2% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+34.7% per year) and the UK (-1.0% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, reducing by -2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2014 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into the Netherlands

In 2021, approx. X tons of iron or steel hot-worked helical springs were imported into the Netherlands; picking up by 8.8% on the year before. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the UK (X tons) and Turkey (X tons) were the main suppliers of metal hot-worked helical spring imports to the Netherlands, with a combined 63% share of total imports. India, Poland, Denmark, China, Japan, France, Hungary, Sweden and Belgium lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +197.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) were the largest metal hot-worked helical spring suppliers to the Netherlands, together comprising 57% of total imports. These countries were followed by Poland, Japan, Turkey, Denmark, China, Sweden, Belgium, India and Hungary, which together accounted for a further 28%.

In terms of the main suppliers, India, with a CAGR of +167.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, with an increase of 31% against the previous year. Overall, the import price, however, recorded a slight descent. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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