Spain: Steel Spring Market 2025

Steel Spring Market Size in Spain

The Spanish steel spring market dropped significantly to $X in 2021, which is down by -73% against the previous year. Overall, consumption showed a abrupt setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Steel Spring Production in Spain

In value terms, steel spring production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Steel Spring Exports

Exports from Spain

In 2021, shipments abroad of steel springs and leaves for springs increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, steel spring exports surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of steel spring exports from Spain, together accounting for 61% of total exports. Sweden, Portugal, Poland, Morocco, Italy, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for steel springs and leaves for springs exports from Spain, comprising 27% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.3% per year) and France (-2.2% per year).

Export Prices by Country

In 2021, the average steel spring export price amounted to $X per ton, picking up by 2% against the previous year. Over the period under review, the export price, however, saw a slight slump. The growth pace was the most rapid in 2014 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($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 the Czech Republic (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Spring Imports

Imports into Spain

In 2021, overseas purchases of steel springs and leaves for springs decreased by -5.3% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a noticeable setback. The growth pace was the most rapid in 2014 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, steel spring imports expanded significantly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 27%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest steel spring supplier to Spain, with a 30% share of total imports. Moreover, steel spring imports from Germany exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+7.4% per year) and Italy (+3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of steel springs and leaves for springs to Spain, comprising 36% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.5% per year) and Italy (+0.5% per year).

Import Prices by Country

In 2021, the average steel spring import price amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovakia ($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 UK (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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