Iron or steel springs and leaves for springs market in Denmark

Earlier Report Observations

The Danish market for iron or steel springs began the period at 6 237 tons in 2018, the same year proposals were made to amend planning and environmental legislation affecting iron and steel processing workshops. Market volume then contracted to 4 417 tons in 2019 and further to 3 916 tons in 2020.

A recovery to 4 324 tons occurred in 2021, supported by continued industry focus on precise control of chemical composition and heat treatment to achieve required mechanical properties for springs. This upturn was reversed in 2022 as the market shrank to 3 765 tons, driven primarily by a contraction in domestic consumption of crude steel and iron which constrained the availability of raw materials for spring production. The decline continued to 3 321 tons in 2023, coinciding with updated machinery regulations that imposed stricter requirements for substantial changes to manufacturing equipment, likely affecting production processes and compliance costs.

The market stabilized at 3 377 tons in 2024. During this year, the industry navigated challenges from global raw material prices and supply chain disruptions affecting production costs, while updated building regulations and packaging requirements introduced new technical and environmental standards for steel components like springs.

Production iron or steel springs and leaves for springs in Denmark

In value, 2018-2021, K $ US

Denmark's production of iron or steel springs and leaves for springs has rebounded after two consecutive years of decline. In 2021, output reached 36 788 thousand US dollars, marking a significant 28.1% increase from the previous year. The lowest point was recorded in 2020 at 28 723 thousand US dollars, following the largest annual decline of 13.4% in 2019.

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

In kind, 2018-2021, t

Following a two-year downturn, Denmark's production of iron or steel springs and leaves for springs has shown a notable recovery. In 2021, the country produced 3 705 tonnes, representing a substantial 22.0% increase compared to 2020. Over the period from 2018 to 2021, overall production decreased by 4.9%, which translates to an average annual decline of 1.7%. The lowest output was recorded in 2020 at 3 036 tonnes, after the sharpest drop of 16.2% occurred in 2019.

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

Exports iron or steel springs and leaves for springs from Denmark

Exports in kind, t

Denmark's exports of iron or steel springs and leaves for springs have turned positive after two years of contraction. In 2021, exports totaled 3 238 tonnes, reflecting an 18.9% increase from the previous year. From 2018 to 2021, exports grew by 7%, with an average annual growth rate of 2.3%. The lowest export volume was recorded in 2020 at 2 723 tonnes, following a decline of 6.6% in 2019.

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

Analysis of Denmark's export volumes from 2018 to 2021 reveals a highly diversified market distribution. The top three destinations—Slovakia with 12.7%, Czechia with 11.4%, and Sweden with 10.8%—collectively accounted for just 34.8% of total exports. The remaining 65.2% was spread across numerous other trading partners.

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

Denmark's exports of iron or steel springs and leaves for springs have rebounded strongly after two years of decline. In 2021, export value reached 38 594 thousand US dollars, showing a robust 35.9% increase from the previous year. Over the 2018-2021 period, exports grew by 12%, with a compound annual growth rate of 3.9%. The lowest value was recorded in 2020 at 28 407 thousand US dollars, after the sharpest decline of 13.6% in 2019.

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

From 2018 to 2021, Denmark's export values were distributed across a wide range of partner countries. The top three markets—Sweden with 12.5%, Germany with 9.3%, and Poland with 9.0%—together accounted for only 30.8% of total export flows.

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

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

Imports iron or steel springs and leaves for springs to Denmark

Imports in kind, t

Denmark's imports of iron or steel springs and leaves for springs have increased after two years of decline. In 2021, imports reached 3 857 tonnes, representing a 7.1% rise from the previous year. However, over the 2018-2021 period, imports decreased by 28.1%, with an average annual decline of 10.4%. The lowest import volume was recorded in 2020 at 3 602 tonnes, following the largest drop of 25.8% in 2019.

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

From 2018 to 2021, Germany was the dominant source for Denmark's imports of iron or steel springs and leaves for springs, accounting for 39.4% of total import volume. Sweden followed with 15.3%, and China with 14.5%. Together, these three countries comprised 69.2% of all imports.

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

Denmark's imports of iron or steel springs and leaves for springs have shown a sharp recovery after two years of decline. In 2021, import value reached 31 951 thousand US dollars, marking a significant 31.1% increase from the previous year. Despite this recent growth, imports decreased by 8.8% over the 2018-2021 period, with an average annual decline of 3.0%. The lowest value was recorded in 2020 at 24 373 thousand US dollars, after the largest drop of 20.0% occurred in 2019.

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

From 2018 to 2021, Germany was the leading source for Denmark's imports of iron or steel springs and leaves for springs in value terms, accounting for 26.4%. Sweden followed with 17.9%, and China with 17.2%. Collectively, these three countries represented 61.5% of total import value.

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

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