United Kingdom: Market for Iron or Steel Hot-Worked Helical Springs 2025

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

In 2021, the UK metal hot-worked helical spring market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

In value terms, metal hot-worked helical spring production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of 11%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from the UK

Metal hot-worked helical spring exports from the UK contracted to X tons in 2021, which is down by -7.4% compared with 2020 figures. In general, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of 12%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports rose sharply to $X in 2021. Over the period under review, exports recorded a mild decline. The pace of growth appeared the most rapid in 2014 with an increase of 19%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and Italy (X tons) were the main destinations of metal hot-worked helical spring exports from the UK, together accounting for 56% of total exports. Belgium, China, the United States, the Netherlands, Ireland, Spain, Poland, India, France and Austria lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +21.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hot-worked helical spring exported from the UK were Germany ($X), the United States ($X) and Italy ($X), together accounting for 41% of total exports. Sweden, China, Belgium, Ireland, India, the Netherlands, France, Poland, Spain and Austria lagged somewhat behind, together comprising a further 45%.

China, with a CAGR of +21.1%, saw the highest growth rate of 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 2021, the average metal hot-worked helical spring export price amounted to $X per ton, picking up by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 an increase of 21%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 (+17.3%), 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 UK

In 2021, purchases abroad of iron or steel hot-worked helical springs was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of metal hot-worked helical spring to the UK, accounting for a 34% share of total imports. Moreover, metal hot-worked helical spring imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.4% per year) and the Czech Republic (+23.1% per year).

In value terms, the largest metal hot-worked helical spring suppliers to the UK were Germany ($X), Turkey ($X) and the Czech Republic ($X), together comprising 49% of total imports. Sweden, Poland, Italy, France, China, Greece and Spain lagged somewhat behind, together comprising a further 30%.

Sweden, with a CAGR of +36.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, picking up by 22% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring import price increased by +74.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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