In 2023, Germany was the leading European importer of Iron or Steel Cold-Formed Helical Coil Tension Springs, although it showed a slight decline of 1.44% from the previous year. Spain displayed a significant increase of 21.93%, cementing its position as a growing market. France and Poland saw rises of 15.63% and 4.81%, respectively, highlighting steady demand. Smaller markets like Luxembourg and Malta exhibited exceptional growth rates of 48.32% and 50.81%, albeit from low bases. The UK experienced a notable decrease of 11.85%, reflecting decreased demand or potential supply-chain challenges.
Future trends to watch include:
- Increased demand in growing markets like Spain and Luxembourg, driven by manufacturing expansion.
- Potential market shifts influenced by geopolitical developments and supply chain adjustments across Europe.
- Environmental regulations and technological advancements influencing the material choice and import volumes in the steel industry.
Top countries in Import of Iron or Steel Cold-Formed Helical Coil Tension Springs by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,099,600 | 2023 | +6.04% | -1.44% | View data |
| 2 | 2 Spain | 2,173,100 | 2023 | +8.4% | +21.93% | View data |
| 3 | 3 France | 1,840,600 | 2023 | +3.5% | +15.63% | View data |
| 4 | 4 Czechia | 1,829,700 | 2023 | |||
| 5 | 5 Poland | 1,777,000 | 2023 | +1.87% | +4.81% | View data |
| 6 | 6 Hungary | 1,320,700 | 2023 | +2.68% | +2.04% | View data |
| 7 | 7 Slovenia | 1,164,800 | 2023 | +3.8% | +6.21% | View data |
| 8 | 8 Belgium | 1,106,500 | 2023 | +4.84% | +4.51% | View data |
| 9 | 9 Austria | 1,014,100 | 2023 | +3.69% | +9.53% | View data |
| 10 | 10 Netherlands | 786,760 | 2023 | +11.47% | +5.76% | View data |
