In 2023, Germany led the European production of iron or steel springs with a share of 44.15%, although their production slightly decreased year-on-year by 1.88%. Italy followed with 18.9% and experienced a decline of 2.87%. France and Spain were third and fourth, with France decreasing marginally by 0.24% and Spain surging by 15.89% year-on-year. The UK saw a significant drop of 7.93%, while Denmark showed impressive growth at 28.87%. Positive growth was notable in the Netherlands (11.46%) and Greece (9.0%).
Future trends to watch include:
- Germany's potential strategic adjustments to regain their leading position amidst pressures.
- The robust Spanish market growth trajectory, which might influence regional dynamics.
- Denmark's unexpected boom making it an interesting new player in the sector.
- Ongoing recovery signs in countries like Greece and Lithuania.
- The overall stability projected for a few leading markets despite economic challenges.
Top countries in Sold Production of Iron or Steel Springs and Leaves for Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.15 | 2023 | +1.04% | -1.88% | View data |
| 2 | 2 Italy | 18.9 | 2023 | +11.44% | -2.87% | View data |
| 3 | 3 France | 7.95 | 2023 | +1.43% | -0.24% | View data |
| 4 | 4 Spain | 6.11 | 2023 | -2.53% | +15.89% | View data |
| 5 | 5 Poland | 5.88 | 2023 | +1.65% | -5.59% | View data |
| 6 | 6 United Kingdom | 5.76 | 2023 | -4.94% | -7.93% | View data |
| 7 | 7 Portugal | 5.23 | 2023 | +19.88% | +1.17% | View data |
| 8 | 8 Czechia | 4.7 | 2023 | |||
| 9 | 9 Sweden | 2.15 | 2023 | +0.95% | -5.12% | View data |
| 10 | 10 Denmark | 1.74 | 2023 | +1.71% | +28.87% | View data |
