In 2023, Italy led the European export of iron or steel spring washers and other lock washers with a significant share increase of 22.69%, capturing 43.17% of the market in terms of kilograms. Germany, while holding the second largest share at 30.55%, experienced a slight decline of 1.24%. Poland showed a moderate growth of 3.0% to reach a 10.24% share. Other noteworthy increases included Croatia at 10.22%, Estonia at 13.57%, and Greece with a remarkable 20.63% rise. Conversely, Belgium, Spain, and several smaller markets faced declines, notably Malta, Bulgaria, and Cyprus down by over 18% each.
Future trends to watch in the European export market include Italy's potential continued dominance and the impact of Germany's performance in reversing its recent downturn. Emerging markets like Croatia and Greece may continue their upward trajectory, contributing to shifts in regional dynamics. External factors such as trade policies, economic stability, and supply chain innovations could further influence the market shares of these countries moving forward.
Top countries in Export 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 Italy | 43.17 | 2023 | +75.87% | +22.69% | View data |
| 2 | 2 Germany | 30.55 | 2023 | -7.2% | -1.24% | View data |
| 3 | 3 Poland | 10.24 | 2023 | +4.23% | +3% | View data |
| 4 | 4 Sweden | 3.04 | 2023 | +2.83% | -0.6% | View data |
| 5 | 5 Netherlands | 2.31 | 2023 | +2.44% | +1.51% | View data |
| 6 | 6 Czechia | 2.29 | 2023 | |||
| 7 | 7 Austria | 1.67 | 2023 | +2.3% | +0.46% | View data |
| 8 | 8 Croatia | 1.17 | 2023 | +4.96% | +10.22% | View data |
| 9 | 9 Belgium | 0.89 | 2023 | +1.19% | -3.91% | View data |
| 10 | 10 Slovakia | 0.48 | 2023 | +1.72% | -0.64% | View data |
