In 2023, Germany led the European production of iron or steel cold-formed helical coil compression springs with a share of 35.34%. It was followed by Italy and Spain at 27.85% and 13.63% respectively. Germany saw a minor year-on-year growth of 0.34%, while Italy experienced a decline of 1.82%. Notably, Spain's production spiked by 51.0%, indicating a robust progress. Poland and France also presented contrasting trends, with a mild increase for Poland and a decline for France. Hungary and Bulgaria exhibited strong growth rates, whereas the United Kingdom's production notably shrank by 5.65%.
Future trends to monitor include:
- Germany's predominant market position and its effects on neighboring economies.
- Continued expansion in Spain, potentially challenging Italy's market share.
- The impact of dynamic political and economic shifts on the United Kingdom's declining production.
- Eastern European countries like Hungary and Bulgaria may continue their upward trajectory.
Top countries in Sold Production 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 | 35.34 | 2023 | +7.04% | +0.34% | View data |
| 2 | 2 Italy | 27.85 | 2023 | +13.25% | -1.82% | View data |
| 3 | 3 Spain | 13.63 | 2023 | +23.76% | +51% | View data |
| 4 | 4 Czechia | 11.38 | 2023 | |||
| 5 | 5 France | 6.38 | 2023 | +8% | -1.52% | View data |
| 6 | 6 Poland | 5.61 | 2023 | +2.86% | +2.23% | View data |
| 7 | 7 United Kingdom | 4.14 | 2023 | -6.02% | -5.65% | View data |
| 8 | 8 Sweden | 1.3 | 2023 | +8.99% | -0.61% | View data |
| 9 | 9 Hungary | 0.24 | 2023 | +3.9% | +6.35% | View data |
| 10 | 10 Portugal | 0.23 | 2023 | -5.05% | -8.07% | View data |
