Helical springs market in Portugal

Earlier Report Observations

From 2019 to 2021, the Portuguese market for helical springs expanded significantly, with market volume rising from 7 809 t to 11 818 t and value increasing from 29.5 million $ to 34.1 million $. This growth was driven in part by manufacturers such as Fanamol adapting their production to meet demand for medical equipment springs during the COVID-19 pandemic, which boosted domestic output. The sector's technical specialization in large-format and customized springs, exemplified by companies like MD SPRINGS, further supported production capacity.

In 2022, the market contracted to 9 122 t (26.9 million $), reflecting a normalization of demand after the pandemic peak. Domestic production fell to 5 216 t, while imports remained a substantial source of supply. No major regulatory shifts or new market entries were reported during this period, though global economic conditions continued to influence sector dynamics.

By 2023, the market showed a moderate recovery to 9 711 t (28.0 million $), primarily fueled by a surge in imports to 5 439 t. Domestic production, however, declined to 4 642 t, indicating a shift in supply structure toward imported springs.

Production helical springs in Portugal

In value, 2018-2021, K $ US

In Portugal, the output value of helical springs reached 16 314 thousand US dollars in 2021, marking a significant increase of 55.1% compared to 2020. Production had previously hit its lowest point in 2020 at 10 519 thousand US dollars, with the largest decline that year at 1.5%. Over the period from 2019 to 2021, production grew by 52.8%, translating to an annualized growth rate of 15.2%.

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

In kind, 2018-2021, t

Portugal's helical springs production continued to rise for the second consecutive year. In 2021, the country produced 7 197 tonnes of helical springs, up 43.7% from the previous year. From 2019 to 2021, production surged by 89%, with a compound annual growth rate of 23.6%.

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

Exports helical springs from Portugal

Exports in kind, t

In 2021, Portugal's exports of helical springs amounted to 267 tonnes, representing a 7.6% increase year-over-year. Exports peaked in 2019 at 279 tonnes, with the largest increase that year at 50.9%, while the largest decline occurred in 2020 at 10.9%. Between 2018 and 2021, exports grew by 44.6%, equating to an annualized rate of 13.1%.

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

From 2018 to 2021, Spain, Germany, and Czechia were the top destinations for Portugal's helical springs exports by volume. Spain accounted for 28.1% of exports, Germany for 15.0%, and Czechia for 10.8%, together making up 53.9% of total export flows.

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

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

Exports in value, K $ US

After a two-year decline, Portugal's helical springs exports rebounded in 2021, reaching 3 347 thousand US dollars, a 17.9% increase from the previous year. The lowest value was recorded in 2020 at 2 839 thousand US dollars, with the largest decline that year at 20.1%. Over the period from 2018 to 2021, exports decreased by 8.8%, with a compound annual growth rate of -3.0%.

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

From 2018 to 2021, Spain, Germany, and Sweden were the leading markets for Portugal's helical springs exports by value. Spain held 22.0% of exports, Germany 20.1%, and Sweden 19.2%, collectively accounting for 61.4% of total export flows.

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

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

Imports helical springs to Portugal

Imports in kind, t

In 2021, Portugal's imports of helical springs totaled 4 889 tonnes, up 35.2% from the previous year. Imports had dropped to their lowest point in 2020 at 3 616 tonnes, with the largest decline that year at 15.5%. Between 2018 and 2021, imports increased by 14.8%, with a compound annual growth rate of 4.7%.

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

From 2018 to 2021, Germany and Spain dominated Portugal's helical springs imports by volume, jointly accounting for 83.4% of total flows, while other countries made up the remainder.

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

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

Imports in value, K $ US

In 2021, Portugal's imports of helical springs in value terms stood at 21 117 thousand US dollars, showing a gradual decline of 6.7% from the previous year. The largest decrease occurred in 2019 at 8.9%, while the largest increase was in 2020 at 1.4%. Over the period from 2018 to 2021, imports fell by 13.8%, equating to an annualized decline of 4.8%.

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

From 2018 to 2021, Spain, Germany, and Czechia were the primary sources for Portugal's helical springs imports by value. Spain accounted for 37.5% of imports, Germany for 26.2%, and Czechia for 19.0%, together absorbing 82.7% of total import flows.

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

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