Helical springs market in Sweden

Earlier Report Observations

Between 2018 and 2020, the Swedish helical springs market saw key player Lesjöfors expanding its product portfolio and investing in new machinery for hot-wound springs, increasing capacity for heavy-duty industrial applications. In 2020, the COVID-19 pandemic disrupted global supply chains for raw materials like iron ore and steel, affecting material availability and prices, which in turn prompted a greater focus on local production and efficiency improvements within the spring industry.

From 2021, new EU regulatory requirements for documentation and origin control of iron and steel products, aimed at preventing imports of Russian material, directly influenced market access and import procedures for spring materials in Sweden. This period also saw growing demand for sustainable and fossil-free materials, leading manufacturers to adapt their material choices. In 2022, continued expansion of production capacity for hot-wound and heavy springs by Lesjöfors and other Swedish producers helped meet industrial demand in sectors like energy, rail, and mining, despite ongoing supply chain adjustments due to sanctions.

Starting from September 30, 2023, an import ban on certain iron and steel products of Russian origin came into force, requiring strict documentation and affecting raw material supply for the spring industry. Concurrently, research and government initiatives for green transition in the steel industry, including procurement requirements for fossil-free steel, began influencing material selection and production methods. Swedish spring manufacturers continued investing in advanced production technology and capacity increases to cater to demand in heavy industry sectors and specialized segments through 2024.

Production helical springs in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, t

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

Exports helical springs from Sweden

Exports in kind, t

Sweden's exports of helical springs declined for the second year in a row. In 2020, export volumes reached 12 443 tonnes, marking a significant 10.1% drop compared to 2019. Over the period from 2017 to 2020, exports decreased by 3.9%, with an average annual decline of 1.3%. The highest export volume was recorded in 2018 at 16 137 tonnes, which also saw the largest increase of 24.6%. In contrast, 2019 experienced the largest decline of 14.3%.

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

From 2017 to 2020, three key markets—Germany, the United Kingdom, and Russia—collectively accounted for 67.4% of Sweden's total helical springs exports by volume.

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

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

Exports in value, K $ US

Sweden's exports of helical springs in monetary terms fell for the second consecutive year. In 2020, exports amounted to 56 629 thousand US dollars, reflecting a 1.9% decrease from the previous year. Between 2017 and 2020, exports dropped by 14.8%, averaging an annual decline of 5.2%. The peak value was in 2018 at 72 170 thousand US dollars, which also saw the largest increase of 8.6%. The most significant decline occurred in 2019, with a 20.0% drop.

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

From 2017 to 2020, the export market for helical springs in value terms was diverse. Germany, Norway, and the United Kingdom were the top three markets, contributing 21.7%, 11.5%, and 11.1% of total export value, respectively. Together, they accounted for 44.3% of total flows, while the remaining 55.7% was distributed among numerous other countries.

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

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

Imports helical springs to Sweden

Imports in kind, t

After two years of growth, Sweden's imports of helical springs by volume declined. In 2020, imports totaled 7 270 tonnes, a 3.0% decrease year-over-year. Over the 2017-2020 period, imports increased by 12%, with an average annual growth rate of 3.9%. The highest import volume was recorded in 2019 at 7 270 tonnes, while the largest increase of 9.6% occurred in 2018.

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

Between 2017 and 2020, Austria, the United Kingdom, and Finland were the primary sources for Sweden's helical springs imports by volume. Austria accounted for 33.3%, the United Kingdom for 29.9%, and Finland for 9.2% of total imports, collectively representing 72.4% of all flows.

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

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

Imports in value, K $ US

Sweden's imports of helical springs in monetary terms decreased for the second year in a row. In 2020, imports stood at 49 177 thousand US dollars, down 8.1% from the previous year. From 2017 to 2020, imports grew by 8.8%, with an average annual increase of 2.8%. The peak value was in 2018 at 53 857 thousand US dollars, which also saw the largest rise of 19.1%.

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

From 2017 to 2020, Austria, the United Kingdom, and Germany formed the main group of markets for Sweden's helical springs imports in value terms. Austria contributed 47.4%, the United Kingdom 13.5%, and Germany 10.3% of total import value, together accounting for 71.2% of all flows.

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

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