Germany - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGermany Sees a Significant Surge in Steel Spring Exports, Reaching $1.7B in 2023
Germany Steel Spring Exports
Steel spring exports from Germany reduced to 190K tons in 2023, waning by -5.7% compared with 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 9.7%. The exports peaked at 250K tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
In value terms, steel spring exports rose sharply to $1.7B (IndexBox estimates) in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, the exports attained the peak of $1.7B; afterwards, it flattened through to 2023.
| COUNTRY | Export Value of Steel Spring in Germany (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Poland | 101 | 112 | 102 | 107 | 134 | 148 | 147 | 135 | 179 | 165 | 167 |
| Czech Republic | 155 | 166 | 132 | 134 | 144 | 162 | 152 | 129 | 155 | 131 | 136 |
| China | 137 | 153 | 110 | 125 | 151 | 155 | 128 | 137 | 158 | 131 | 134 |
| United States | 97.1 | 108 | 90.2 | 79.6 | 88.2 | 103 | 100 | 91.0 | 138 | 114 | 118 |
| Hungary | 113 | 121 | 104 | 105 | 108 | 106 | 94.9 | 81.0 | 89.5 | 81.0 | 96.5 |
| Austria | 90.1 | 92.2 | 79.5 | 81.4 | 85.5 | 90.8 | 87.8 | 86.2 | 101 | 98.2 | 91.5 |
| France | 76.7 | 82.5 | 73.3 | 80.2 | 94.5 | 97.2 | 86.0 | 73.8 | 80.9 | 80.9 | 89.5 |
| United Kingdom | 113 | 110 | 98.3 | 104 | 111 | 105 | 89.3 | 74.7 | 75.0 | 63.1 | 69.5 |
| Others | 662 | 649 | 565 | 585 | 673 | 730 | 678 | 616 | 757 | 709 | 783 |
| Total | 1,544 | 1,593 | 1,355 | 1,401 | 1,588 | 1,697 | 1,563 | 1,424 | 1,733 | 1,573 | 1,685 |
Exports by Country
Poland (29K tons) was the main destination for steel spring exports from Germany, accounting for a 15% share of total exports. Moreover, steel spring exports to Poland exceeded the volume sent to the second major destination, the UK (14K tons), twofold. The third position in this ranking was held by France (13K tons), with a 6.7% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Poland amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.2% per year) and France (+0.5% per year).
In value terms, Poland ($167M), the Czech Republic ($136M) and China ($134M) appeared to be the largest markets for steel spring exported from Germany worldwide, together comprising 26% of total exports.
Poland, with a CAGR of +5.2%, 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.
Exports by Type
Iron or steel hot-worked helical springs (129K tons) was the largest type of steel springs and leaves for springs exported from Germany, accounting for a 68% share of total exports. Moreover, iron or steel hot-worked helical springs exceeded the volume of the second product type, iron or steel flat spiral or discs springs (30K tons), fourfold.
From 2013 to 2023, the average annual growth rate of the volume of iron or steel hot-worked helical springs exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: iron or steel flat spiral or discs springs (-1.4% per year) and iron or steel leaf-springs and leaves (-1.4% per year).
In value terms, steel springs and leaves for springs with the largest exports in Germany were iron or steel hot-worked helical springs ($965M), iron or steel flat spiral or discs springs ($513M) and iron or steel leaf-springs and leaves ($208M).
Iron or steel hot-worked helical springs, with a CAGR of +1.7%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In 2023, the steel spring price amounted to $8,871 per ton (FOB, Germany), growing by 14% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.5%. 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 external markets. In 2023, amid the top suppliers, the country with the highest price was China ($14,454 per ton), while the average price for exports to the UK ($5,096 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the steel spring market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
- Prodcom 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
- Prodcom 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
