Helical springs market in Italy

Earlier Report Observations

The Italian market for helical springs experienced a severe contraction in 2020, with volume falling to 56.6 тыс. т as the COVID-19 pandemic disrupted both supply and demand across the steel industry. A recovery followed in 2021, lifting the market to 75.0 тыс. т, supported by a rebound in domestic steel production and increased demand for springs from the automotive sector, particularly for electric vehicles.

From 2022, the market faced renewed pressure, declining to 53.2 тыс. т. This was primarily due to the closure of blast furnaces at Piombino and Trieste, which reduced local steelmaking capacity, compounded by soaring energy costs. Despite some stabilization in steel prices, the ongoing crisis at the former ILVA plant in Taranto and high input costs kept volumes low in 2023 at 49.5 тыс. т. A modest recovery to 53.0 тыс. т occurred in 2024, aided by a strategic acquisition in the industrial spring sector and updated European production regulations.

Production helical springs in Italy

In value, 2017-2020, M $ US

Italy's helical springs production declined for the second consecutive year. In 2020, output was valued at 333.2 million US dollars, marking a controlled decline of 9.1% compared to 2019. Over the 2018-2020 period, production decreased by 14.8%, with a compound annual growth rate (CAGR) of 5.2%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Helical springs production in Italy declined for the second consecutive year. In 2020, 57.3 thousand tons were produced, reflecting a significant decrease of 40.0% compared to 2019. Over the 2018-2020 period, production fell by 60.1%, with a compound annual growth rate (CAGR) of 26.4%.

Annual dynamics of production in Italy in kind, 2017-2020, K t

Exports helical springs from Italy

Exports in kind, t

Helical springs exports from Italy declined for the third consecutive year. In 2020, exports amounted to 7 684 tons, down by 22.3% from 2019. Over the 2017-2020 period, exports decreased by 64.4%, with a compound annual growth rate (CAGR) of 29.1%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's exports of helical springs in kind had a broad partner portfolio. Romania accounted for 25.3% of exports, Germany for 10.6%, and France for 8.4%, with these three countries together representing 44.4% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

Italy's helical springs export volume declined for the second consecutive year. In 2020, exports were valued at 57 577 thousand US dollars, down by 8.0% year-on-year. Over the 2017-2020 period, exports decreased by 3.5%, with a compound annual growth rate (CAGR) of 1.2%. The maximum value was recorded in 2018 at 65 818 thousand US dollars, with the largest increase of 10.3% also occurring in that year.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

From 2017 to 2020, Italy's exports of helical springs in value terms relied on a wide range of partner countries. Germany and France each accounted for 11.7% of exports, while Austria contributed 8.4%, with these three countries together taking just 31.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports helical springs to Italy

Imports in kind, t

In 2020, Italy's helical springs imports registered 7 063 tons, reflecting a contraction of 5.6% compared to 2019. Between 2017 and 2020, imports decreased by 23.4%, equating to an annualized rate of 8.5%. The largest decline of 23.1% was recorded in 2018, while the largest increase of 5.5% occurred in 2019.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

Throughout 2017 to 2020, Germany, the United Kingdom, and France formed the core of Italy's imports of helical springs in kind. Germany accounted for 29.4% of imports, the United Kingdom for 20.3%, and France for 8.5%, with these three countries together taking 58.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, K $ US

Italy imported a total of 38 366 thousand US dollars worth of helical springs in 2020, which is 15.0% less compared to 2019. Over the 2017-2020 period, imports decreased by 18.2%, with a compound annual growth rate (CAGR) of 6.5%. The largest increase of 9.2% was recorded in 2019.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

From 2017 to 2020, three main markets—Germany, the United Kingdom, and Switzerland—together absorbed 59.2% of Italy's total imports of helical springs in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020