In 2023, Germany led the European import of iron or steel cold-formed helical coil compression springs, making up 18.37% of the share by kilograms. Slovakia and Belgium followed with 15.27% and 14.47% respectively. Notably, Belgium experienced a significant year-on-year growth of 34.93%, and the Netherlands saw a notable 10.47% increase. Conversely, the United Kingdom and France saw declines in their shares. Among smaller markets, Luxembourg and Malta demonstrated strong percentage growth.
In 2024 and beyond, watch for continued shifts in the shares of these imports as countries like Belgium and the Netherlands might carry forward their upward trends. Additionally, economic conditions, technological advancements in manufacturing, and trade policies will substantially influence the import dynamics. The European market could see further diversification with smaller countries like Estonia showing prominent growth and others like Ireland facing declines.
Top countries in Import of Iron or Steel Cold-Formed Helical Coil Compression Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.37 | 2023 | +2.91% | +3.69% | View data |
| 2 | 2 Slovakia | 15.27 | 2023 | +3.33% | +1.92% | View data |
| 3 | 3 Belgium | 14.47 | 2023 | +28.81% | +34.93% | View data |
| 4 | 4 Czechia | 8.95 | 2023 | |||
| 5 | 5 Poland | 5.94 | 2023 | +4.08% | +6.51% | View data |
| 6 | 6 France | 5.8 | 2023 | +8.51% | -1.39% | View data |
| 7 | 7 United Kingdom | 5.75 | 2023 | -1.35% | -5.07% | View data |
| 8 | 8 Spain | 4.07 | 2023 | +6.78% | +5.81% | View data |
| 9 | 9 Hungary | 3.72 | 2023 | +1.98% | +3.3% | View data |
| 10 | 10 Romania | 3.65 | 2023 | +2.77% | -2.78% | View data |
