The European sold production of iron or steel cold-formed helical coil tension springs in kilograms shows Germany leading with a share of 46.12%. Spain and Italy follow with shares of 20.03% and 19.58%, respectively. The United Kingdom, France, and Slovakia have smaller shares, with year-on-year variation indicating growth, except for France. Finland experienced a significant decline with a reduction of 15.33% in 2023. Over the last five years, the compound annual growth rate provides a comprehensive understanding of these trends, highlighting Spain and Hungary as fast-growing markets.
Future trends to watch include potential shifts in production due to technological advancements and environmental regulations. Additionally, growth in emerging markets might alter the current distribution of production in Europe, notably within Eastern European countries seeking increased production capabilities.
Top countries in Sold Production 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 | 46.12 | 2023 | +2.05% | +1.94% | View data |
| 2 | 2 Spain | 20.03 | 2023 | +30.16% | +7.34% | View data |
| 3 | 3 Italy | 19.58 | 2023 | +1.17% | +2.73% | View data |
| 4 | 4 United Kingdom | 3.35 | 2023 | +0.064% | +0.77% | View data |
| 5 | 5 France | 2.8 | 2023 | -3.99% | -4.09% | View data |
| 6 | 6 Slovakia | 2.69 | 2023 | +5.6% | +2.99% | View data |
| 7 | 7 Hungary | 2.15 | 2023 | +6.68% | +10.36% | View data |
| 8 | 8 Portugal | 0.85 | 2021 | +48.8% | -12.27% | View data |
| 9 | 9 Czechia | 0.58 | 2023 | |||
| 10 | 10 Denmark | 0.36 | 2023 | +0.71% | +5.95% | View data |
