Europe: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Europe

After three years of growth, the Europe metal self-locking nut market decreased by X% to $X in 2023. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Metal Self-Locking Nut Production in Europe

In value terms, metal self-locking nut production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production showed a slight descent. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports in Europe

In 2023, approx. X tons of iron or steel nuts (including self-locking nuts) were exported in Europe; surging by X% on 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, metal self-locking nut exports skyrocketed to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

Exports by Country

In 2023, Germany (X tons) was the major exporter of iron or steel nuts (including self-locking nuts), committing X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and France (X%). Denmark (X tons), Belgium (X tons), Spain (X tons), Poland (X tons), the Czech Republic (X tons), Slovakia (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal self-locking nut supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports in Europe

After three years of growth, purchases abroad of iron or steel nuts (including self-locking nuts) decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then contracted sharply in the following year.

In value terms, metal self-locking nut imports amounted to $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Russia (X tons), Italy (X tons), Poland (X tons), France (X tons) and the UK (X tons) represented the main importers of iron or steel nuts (including self-locking nuts), together mixing up X% of total imports. The Czech Republic (X tons), Belgium (X tons), Hungary (X tons), Slovakia (X tons) and Sweden (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Europe, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform