In 2023, Germany dominated the European export of iron or steel flat spiral springs in terms of volume, holding a 69.1% share despite a marginal decrease of 1.89% from the previous year. Romania showed significant growth with a 20.69% increase, capturing 12.53% of the market. Other notable performers included Spain and Poland, with increases of 9.84% and 15.85% respectively, while France saw a decline of 3.27%. Smaller markets like Slovenia and Estonia experienced substantial growth, increasing by 16.56% and 103.77% respectively. Overall, the market exhibited dynamic shifts with some smaller players showing rapid growth.
Future trends to watch include continued growth in smaller countries such as Estonia and Slovenia, fueled by technological advances and competitive pricing. However, geopolitical tensions and economic fluctuations may impact traditional strongholds like Germany and France. Monitoring trade agreements and regional demand will be crucial for predicting market adjustments in the coming years.
Top countries in Export of Iron or Steel Flat Spiral Springs Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 69.1 | 2023 | -5.15% | -1.89% | View data |
| 2 | 2 Romania | 12.53 | 2023 | +6.12% | +20.69% | View data |
| 3 | 3 Czechia | 6.9 | 2022 | |||
| 4 | 4 Slovakia | 3.79 | 2023 | +4.65% | -0.87% | View data |
| 5 | 5 Spain | 1.31 | 2023 | +5.3% | +9.84% | View data |
| 6 | 6 France | 1.19 | 2023 | -38.82% | -3.27% | View data |
| 7 | 7 Poland | 1.02 | 2023 | +6.09% | +15.85% | View data |
| 8 | 8 Denmark | 0.55 | 2023 | +6.84% | -1.63% | View data |
| 9 | 9 Hungary | 0.54 | 2023 | +4.53% | -0.093% | View data |
| 10 | 10 Netherlands | 0.46 | 2021 | +15.25% | -3.35% | View data |
