The 2023 data indicates that Germany led European imports of iron or steel spring washers and other lock washers, comprising 19.47% of the total. Romania and Spain showed significant increases in their import shares over the preceding year, rising by 11.63% and 15.08%, respectively. Conversely, Belgium and Slovakia experienced notable declines, particularly Slovakia with a 20.21% decrease. Luxembourg exhibited the most substantial growth, with a 31.27% increase, albeit from a smaller base. Over the past five years, the compound annual growth rate varied significantly by country, reflecting diverse market dynamics within Europe.
Future trends to monitor include potential shifts in demand driven by technological advancements in manufacturing and the automotive sector, which may affect the import needs of countries. Additionally, geopolitical factors, trade policies, and economic reforms in regions like Eastern Europe could influence trade patterns and import levels across European nations.
Top countries in Import of Iron or Steel Spring Washers and Other Lock Washers Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.47 | 2023 | +2.53% | +2.16% | View data |
| 2 | 2 Romania | 12.86 | 2023 | +5.91% | +11.63% | View data |
| 3 | 3 Spain | 9.73 | 2023 | +6.58% | +15.08% | View data |
| 4 | 4 France | 8.77 | 2023 | +1.85% | +0.67% | View data |
| 5 | 5 Austria | 8.58 | 2023 | +11.27% | +4.36% | View data |
| 6 | 6 Czechia | 7.42 | 2023 | |||
| 7 | 7 Poland | 7.4 | 2023 | +2.31% | +2.91% | View data |
| 8 | 8 Italy | 4.66 | 2023 | +13.57% | +2.56% | View data |
| 9 | 9 Belgium | 4 | 2023 | +2.49% | -10.88% | View data |
| 10 | 10 Hungary | 3.02 | 2023 | -2.58% | +0.00061% | View data |
