Spain: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Spain

In 2022, the Spanish metal spring washer market decreased by -0.2% to $X, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a abrupt shrinkage. Metal spring washer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Spring Washer Production in Spain

In value terms, metal spring washer production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Spring Washer Exports

Exports from Spain

In 2022, overseas shipments of iron or steel spring washers decreased by -2.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports declined to $X in 2022. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for metal spring washer exports from Spain, accounting for a 48% share of total exports. Moreover, metal spring washer exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-18.6% per year) and Portugal (-5.3% per year).

In value terms, the largest markets for metal spring washer exported from Spain were France ($X), Germany ($X) and Portugal ($X), together comprising 52% of total exports. Brazil, the Czech Republic, Mexico, Poland, Romania, Morocco and Italy lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Morocco, with a CAGR of +41.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, waning by -10.4% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer export price decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 Brazil ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Spain

Metal spring washer imports into Spain declined to X tons in 2022, waning by -9.3% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 57% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, metal spring washer imports rose to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal spring washer imports to Spain, with a combined 78% share of total imports. China, India, the UK and Poland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spring washer suppliers to Spain were Germany ($X), Italy ($X) and France ($X), together accounting for 58% of total imports. China, India, the UK and Poland lagged somewhat behind, together comprising a further 8.1%.

Among the main suppliers, China, with a CAGR of +24.1%, recorded 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 spring washer import price stood at $X per ton in 2022, rising by 16% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price increased by +91.0% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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