In 2023, Germany led the European market for importing iron or steel cold-formed helical springs at 24.73% of the total import share. France showed a significant year-on-year increase with 27%, while Malta exhibited an impressive surge at 91.75%. Meanwhile, Cyprus saw a drastic decline of 59.08%. The United Kingdom and Denmark also experienced decreases of 9.67% and 9.41%, respectively. Over the last five years, the market has seen varied trend shifts, marked by substantial growth in France, Netherlands, and Portugal and declines in the United Kingdom and Denmark.
Looking ahead, key trends to monitor include technological advancements and production shifts impacting spring industries and the impact of supply chain dynamics and geopolitical developments on import patterns. Observing these factors will be crucial for predicting further growth or decline in specific countries' import shares and the overall European import landscape.
Top countries in Import of Iron or Steel Cold-Formed Helical Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.73 | 2023 | +7.31% | +6.31% | View data |
| 2 | 2 Czechia | 11.52 | 2023 | |||
| 3 | 3 France | 9.58 | 2023 | +39.35% | +27% | View data |
| 4 | 4 United Kingdom | 6.6 | 2023 | -2.4% | -9.67% | View data |
| 5 | 5 Netherlands | 6.03 | 2023 | +0.95% | +18.29% | View data |
| 6 | 6 Poland | 5.75 | 2023 | +4.72% | +4.18% | View data |
| 7 | 7 Belgium | 4.88 | 2023 | +2.38% | +12.01% | View data |
| 8 | 8 Ireland | 3.72 | 2023 | +16.7% | +3.19% | View data |
| 9 | 9 Hungary | 3.67 | 2023 | -1.03% | -2.48% | View data |
| 10 | 10 Portugal | 3.18 | 2023 | +12.74% | +26.46% | View data |
