In 2023, Germany led the European import market for iron or steel cold-formed helical coil compression springs, with a volume of 28.977 million kilograms, followed closely by Slovakia and Belgium. Belgium experienced the most significant year-on-year growth at 34.93%, while the United Kingdom and Romania saw declines. Over the previous two years, several countries, including Austria and the Netherlands, exhibited strong growth trends, with Austria showing an 8.9% annual increase. Conversely, Ireland faced a substantial decline of 13.38% in 2023. Luxembourg and Malta saw noteworthy annual growth rates, indicating emerging demand.
Future trends to watch include the potential for continued growth in Austria and the Netherlands, driven by industrial expansion and technological advancements. Belgium may continue its impressive growth trajectory if current factors remain stable. European countries with declining imports, such as the United Kingdom and Romania, may need to address underlying economic or industrial challenges to recover or grow. Additionally, macroeconomic factors such as trade policies, supply chain dynamics, and technological advancements in manufacturing processes will play a significant role in shaping the import landscape for these products in Europe.
Top countries in Import of Iron or Steel Cold-Formed Helical Coil Compression Springs by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28,977,000 | 2023 | +2.91% | +3.69% | View data |
| 2 | 2 Slovakia | 24,086,000 | 2023 | +3.33% | +1.92% | View data |
| 3 | 3 Belgium | 22,818,000 | 2023 | +28.81% | +34.93% | View data |
| 4 | 4 Czechia | 14,118,000 | 2023 | |||
| 5 | 5 Poland | 9,367,200 | 2023 | +4.08% | +6.51% | View data |
| 6 | 6 France | 9,142,600 | 2023 | +8.51% | -1.39% | View data |
| 7 | 7 United Kingdom | 9,074,800 | 2023 | -1.35% | -5.07% | View data |
| 8 | 8 Spain | 6,423,200 | 2023 | +6.78% | +5.81% | View data |
| 9 | 9 Hungary | 5,873,600 | 2023 | +1.98% | +3.3% | View data |
| 10 | 10 Romania | 5,757,500 | 2023 | +2.77% | -2.78% | View data |
