Helical springs market in Romania

Earlier Report Observations

The market for helical springs in Romania contracted in volume from 15 307 t in 2018 to 12 776 t in 2019. This decline was driven by ongoing difficulties in the local steel industry, including plant closures and reduced production capacity. Additionally, dumping of cheap imported steel from non-EU countries pressured domestic manufacturers, reducing their competitiveness.

The COVID-19 pandemic in 2020 disrupted supply chains and dampened demand, leading to a further drop in market volume to 12 330 t. However, rising raw material and transport costs began pushing prices upward. In 2021, a raw material crisis triggered a sharp 60-80% increase in steel prices, which catapulted the market value to 73.5 million US dollars, despite a moderate volume recovery to 13 666 t.

In 2022, market volume edged down to 13 462 t while value stabilized around 74 million dollars. Major investments, such as the 100 million euro modernization of the Donalam Târgoviște plant, and the restart of steel production in mid-2022 supported local manufacturing. However, persistent imports of cheap steel from Turkey and Egypt limited volume growth, while global inflation kept prices elevated.

Production helical springs in Romania

In value, 2017-2020, K $ US

Romania's helical springs production has increased for the second consecutive year. In 2020, the output was valued at 906.1 thousand US dollars, marking a 25.6% rise compared to 2019. Between 2018 and 2020, production grew by 33.4%, which translates to an annualized rate of 10.1%.

Annual dynamics of production in Romania in value, 2017-2020, K $ US

In kind, 2017-2020, t

Helical springs production in Romania has risen for the second year in a row. In 2020, Romania produced 382.6 tonnes of helical springs, representing a 31.6% increase from 2019. From 2018 to 2020, production expanded by 49.6%, equating to an annualized growth rate of 14.4%.

Annual dynamics of production in Romania in kind, 2017-2020, t

Exports helical springs from Romania

Exports in kind, t

Helical springs exports from Romania have declined for the second consecutive year. In 2020, exports amounted to 993 tonnes, which is 30.2% lower than in 2019. Between 2017 and 2020, exports decreased by 38.6%, with an annualized rate of 15.0%. The highest export volume was recorded in 2018 at 1 784 tonnes, when exports saw their largest increase of 10.3%.

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

From 2017 to 2020, Russia, Algeria, and Morocco were the main destinations for Romania's helical springs exports in kind. Russia accounted for 51.3% of exports, Algeria for 20.7%, and Morocco for 7.7%, together making up 79.6% of total exports.

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

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

Exports in value, K $ US

Helical springs exports from Romania have fallen for the second year in a row. In 2020, export value reached 6 936 thousand US dollars, showing a moderate decline of 6.5% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 5.2%, with a compound annual growth rate of -1.8%. The peak value was in 2018 at 8 708 thousand US dollars, when exports saw their largest increase of 19.0%, while the largest decline occurred in 2019 at 14.8%.

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

Between 2017 and 2020, three key markets—Russia, Germany, and Algeria—collectively accounted for 67.7% of Romania's total helical springs exports in value terms.

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

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

Imports helical springs to Romania

Imports in kind, t

Helical springs imports into Romania have decreased for the second consecutive year. In 2020, import volume stood at 12 941 tonnes, representing a modest decline of 6.9% from 2019. From 2017 to 2020, imports fell by 19.2%, with a compound annual growth rate of -6.9%. The highest import volume was in 2018 at 16 835 tonnes, when imports recorded their largest increase of 5.1%, while the largest drop was in 2019 at 17.4%.

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

In the period from 2017 to 2020, Germany, Czechia, and Hungary were the primary sources for Romania's helical springs imports in kind. Germany contributed 39.4% of imports, Czechia 22.6%, and Hungary 11.5%, together accounting for 73.5% of total import flows.

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

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

Imports in value, K $ US

In 2020, helical springs imports into Romania amounted to 64 317 thousand US dollars, indicating a slight increase of 1.6% compared to the previous year. The maximum value was recorded in 2018 at 68 021 thousand US dollars, when imports saw their largest rise of 7.7%, while the largest decline occurred in 2019 at 6.9%.

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

Over the years 2017 to 2020, Germany, Czechia, and Hungary made the most significant contributions to Romania's helical springs imports in value terms. Germany accounted for 44.9% of imports, Czechia for 17.7%, and Hungary for 8.1%, jointly representing 70.7% of total import flows.

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

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