Eastern Europe: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Eastern Europe

For the fourth consecutive year, the East European metal hot-worked helical spring market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in Eastern Europe

In value terms, metal hot-worked helical spring production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Eastern Europe

In 2023, exports of iron or steel hot-worked helical springs in Eastern Europe rose slightly to X tons, with an increase of X% against the year before. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports rose sharply to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, the Czech Republic (X tons) and Poland (X tons) represented the main exporters of iron or steel hot-worked helical springs in Eastern Europe, together comprising X% of total exports. Hungary (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%). Bulgaria (X tons), Slovakia (X tons) and Romania (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Eastern Europe

In 2023, metal hot-worked helical spring imports in Eastern Europe expanded notably to X tons, rising by X% compared with 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports soared to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Poland represented the main importer of iron or steel hot-worked helical springs in Eastern Europe, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by the Czech Republic (X tons), Slovakia (X tons), Romania (X tons), Russia (X tons) and Hungary (X tons), together committing a X% share of total imports. Belarus (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform