In 2023, Germany imported approximately 18 Million Kilograms of iron or steel cold-formed helical springs. The forecasted data from 2024 onward reveals a steady increase, with import volumes expected to grow consistently each year, reaching 23.817 Million Kilograms by 2028. This reflects an annual growth rate of approximately 7% year-over-year. The Compound Annual Growth Rate (CAGR) for the 2024 to 2028 period is anticipated to be about 5.8%, indicating a robust and sustained demand for these products.
Future trends to watch include potential shifts in industrial demand linked to technological advancements and shifts in the automotive sector, which heavily rely on these springs. Additionally, trade policies and the global steel market dynamics could also influence the import patterns to Germany.
