Helical springs market in Denmark

Earlier Report Observations

The Danish helical spring market experienced significant fluctuations between 2018 and 2021. After a high of 5 368 t in 2018, market volume contracted sharply to 2 926 t by 2020. This decline was primarily driven by the COVID-19 pandemic and associated global supply chain disruptions in 2020, which caused price volatility and supply challenges for iron and steel products. A recovery followed in 2021, with volume rising to 3 240 t. This rebound was supported by a surge in EU production of hot-worked helical springs and increased demand for springs used in electric vehicles and high-fatigue applications.

From 2022 to 2024, the market entered a phase of adjustment and stabilization. Volume dipped again to 2 737 t in 2022, coinciding with stricter enforcement of the EU Machinery Directive, which imposed new requirements for substantial machine modifications and CE marking, affecting spring component design and production. Danish exports of helical springs grew significantly during this period, indicating a stronger focus on external markets. Market volume then stabilized around 2 600 t in 2023 and 2024, as the industry adapted to regulatory pressures and a continued focus on sustainability and circular economy principles within the steel sector.

Throughout the period, key Danish manufacturers like Lesjöfors strengthened their market position by expanding their global supply network and launching digital sales platforms, improving product availability. The industry also consistently emphasized material innovation, particularly the use of stainless and low-alloy steels for enhanced corrosion resistance and durability, to meet evolving technical and regulatory standards.

Production helical springs in Denmark

In value, 2018-2021, K $ US

Following a two-year decline, Denmark's helical springs production rebounded. In 2021, output reached 33 654 K $ US, marking a significant 30.2% increase compared to the previous year. Between 2018 and 2021, production grew by 6.4%, translating to an average annual growth rate of 2.1%. The lowest production value was recorded in 2020 at 25 846 K $ US, while the largest decline occurred in 2019 with a drop of 10.8%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

After two years of decline, Denmark's helical springs production in physical terms showed recovery. In 2021, Denmark produced 3 609 tonnes of helical springs, representing a 22.3% increase over the previous year. Over the 2018-2021 period, production decreased by 3.5%, with a compound annual growth rate of -1.2%. The lowest production volume was recorded in 2020 at 2 952 tonnes, while the most substantial decline occurred in 2019 with a 15.9% decrease.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports helical springs from Denmark

Exports in kind, t

Following two years of decline, Denmark's helical springs exports in physical terms rebounded. In 2021, Denmark exported 2 318 tonnes of helical springs, showing a strong 16.9% increase compared to 2020. Between 2018 and 2021, exports grew by 5.2%, equivalent to an average annual growth rate of 1.7%. The lowest export volume was recorded in 2020 at 1 983 tonnes, which also saw the largest decline of 6.7%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

During the 2018-2021 period, Slovakia (15.4% of exports in kind), Czechia (13.8% of exports in kind), and Sweden (12.1% of exports in kind) were among the largest buyers of helical springs from Denmark. However, even combined, these three countries accounted for just 41.3% of total exports in kind, indicating a broadly diversified partner base.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

After two years of reduction, Denmark's helical springs exports in value terms showed recovery. In 2021, Denmark exported 23 758 K $ US worth of helical springs, representing a substantial 39.5% increase compared to 2020. Between 2018 and 2021, exports grew by 18%, equivalent to an average annual growth rate of 5.7%. The lowest export value was recorded in 2020 at 17 036 K $ US, while the largest decline occurred in 2019 with an 11.0% decrease.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

During the 2018-2021 period, Sweden (13.4% of exports in value terms), Slovakia (9.9% of exports in value terms), and the United States (8.6% of exports in value terms) played notable roles as buyers of Danish helical springs. However, their combined share reached only 31.9% of total exports in value terms, indicating no single country dominated the market.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports helical springs to Denmark

Imports in kind, t

Denmark's helical springs imports in physical terms declined for the third consecutive year. In 2021, imports stood at 1 949 tonnes, showing minimal change compared to the previous year. Over the 2018-2021 period, imports decreased by 49.1%, with a compound annual growth rate of -20.2%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

During the 2018-2021 period, Germany (52.4% of imports in kind), Sweden (15.8% of imports in kind), and Hungary (8.5% of imports in kind) continued to lead as suppliers of helical springs to Denmark. Together, these three countries accounted for 76.6% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Following a two-year decline, Denmark's helical springs imports in value terms rebounded. In 2021, imports reached 14 777 K $ US, representing a 46.3% increase compared to the previous year. Over the 2018-2021 period, imports decreased by 21.3%, with a compound annual growth rate of -7.7%. The lowest import value was recorded in 2020 at 10 098 K $ US, while the largest decline occurred in 2019 with a 27.8% decrease.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

During the 2018-2021 period, Germany (29.6% of imports in value terms), Sweden (24.0% of imports in value terms), and China (12.3% of imports in value terms) made the most significant contributions to Denmark's helical springs imports. Together, these three countries accounted for 65.9% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021