In 2023, Germany led in the European import of iron or steel cold-formed helical coil tension springs with a 16.2% share, despite experiencing a slight decrease of 1.44% from the previous year. Spain displayed the most significant growth, with a 21.93% increase, capturing 11.36% of the market share. France and Austria also saw double-digit growth rates, with 15.63% and 9.53%, respectively. The United Kingdom had a notable decline of 11.85%. Over the last five years, Luxembourg and Malta experienced remarkable growth, with Malta seeing a substantial increase of 50.81% in 2023 alone.
Future trends to watch include continued growth in southern European countries like Spain and Italy, where domestic industrial demands are rising. Additionally, Germany's strategic position might influence further imports due to its robust manufacturing sector, while potential economic fluctuations in the UK could have further impacts. Monitoring trade policies and environmental standards will also be crucial in shaping the import landscape.
Top countries in Import of Iron or Steel Cold-Formed Helical Coil Tension Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16.2 | 2023 | +6.04% | -1.44% | View data |
| 2 | 2 Spain | 11.36 | 2023 | +8.4% | +21.93% | View data |
| 3 | 3 France | 9.62 | 2023 | +3.5% | +15.63% | View data |
| 4 | 4 Czechia | 9.56 | 2023 | |||
| 5 | 5 Poland | 9.29 | 2023 | +1.87% | +4.81% | View data |
| 6 | 6 Hungary | 6.9 | 2023 | +2.68% | +2.04% | View data |
| 7 | 7 Slovenia | 6.09 | 2023 | +3.8% | +6.21% | View data |
| 8 | 8 Belgium | 5.78 | 2023 | +4.84% | +4.51% | View data |
| 9 | 9 Austria | 5.3 | 2023 | +3.69% | +9.53% | View data |
| 10 | 10 Netherlands | 4.11 | 2023 | +11.47% | +5.76% | View data |
