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

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

The Polish iron or steel leaf-spring market rose notably to $X in 2022, picking up by 14% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, iron or steel leaf-spring production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 203%. Iron or steel leaf-spring production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Poland

Iron or steel leaf-spring exports from Poland fell sharply to X tons in 2022, reducing by -17.8% against the year before. Overall, exports saw a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for iron or steel leaf-spring exports from Poland, accounting for a 31% share of total exports. Moreover, iron or steel leaf-spring exports to Sweden exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. Romania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+5.3% per year) and Romania (+27.1% per year).

In value terms, the largest markets for iron or steel leaf-spring exported from Poland were Sweden ($X), Ukraine ($X) and Romania ($X), with a combined 57% share of total exports. Germany, the Czech Republic, Bulgaria, Hungary, Latvia, Slovakia, Lithuania, Italy and Croatia lagged somewhat behind, together accounting for a further 33%.

Bulgaria, with a CAGR of +57.6%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average iron or steel leaf-spring export price amounted to $X per ton, with an increase of 28% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel leaf-spring export price increased by +85.7% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 Germany (+10.1%), 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 Poland

Iron or steel leaf-spring imports into Poland declined to X tons in 2022, flattening at 2021. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports reached $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest iron or steel leaf-spring supplier to Poland, accounting for a 33% share of total imports. Moreover, iron or steel leaf-spring imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Romania (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.5% per year) and Romania (+22.3% per year).

In value terms, Turkey ($X), Germany ($X) and Spain ($X) appeared to be the largest iron or steel leaf-spring suppliers to Poland, with a combined 63% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +26.1%, saw the highest growth rate of 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 iron or steel leaf-spring import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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