In 2023, Germany led European imports of steering components, reaching 202.38 million kilograms, up 4.69% year-on-year. France followed with 116.78 million kilograms, increasing by 1.76%. Poland and Spain exhibited moderate growth at 3.75% and 2.19%, respectively. Conversely, the UK saw a 1.84% drop. Notably, Portugal grew by 12.07%, indicating emerging logistics dynamics. Hungary and Bulgaria also showcased significant increases of 6.16% and 11.97% each, highlighting shifting import patterns. The overall market illustrates a diversified performance within the EU, underscored by notable growth discrepancies among smaller economies like Ireland and Cyprus.
Future trends to watch include the shift towards more sustainable and technologically integrated components, influenced by evolving automotive regulations and consumer preferences. Potential supply chain adjustments and regional trade agreements may reshape European import dynamics. Market players should also monitor emerging technologies in steering systems, as these could affect import volumes and value propositions.
Top countries in Import of Steering Wheels, Steering Columns and Steering Boxes by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 202,380,000 | 2023 | +7.23% | +4.69% | View data |
| 2 | 2 France | 116,780,000 | 2023 | +12.39% | +1.76% | View data |
| 3 | 3 Poland | 76,836,000 | 2023 | +3.28% | +3.75% | View data |
| 4 | 4 Spain | 60,939,000 | 2023 | +9.64% | +2.19% | View data |
| 5 | 5 United Kingdom | 51,395,000 | 2023 | -0.35% | -1.84% | View data |
| 6 | 6 Czechia | 48,966,000 | 2023 | |||
| 7 | 7 Slovakia | 27,885,000 | 2023 | +2.97% | +1.61% | View data |
| 8 | 8 Italy | 27,377,000 | 2023 | +3.03% | -0.063% | View data |
| 9 | 9 Romania | 22,934,000 | 2023 | +3.36% | +2.17% | View data |
| 10 | 10 Hungary | 22,551,000 | 2023 | +3.03% | +6.16% | View data |
