Exporting Springs to Europe
The European market for springs from developing countries is growing, as reflected by the developing countries’ 10% share of total European imports, worth €2.1 billion. The most important end user industries driving imports include the shipbuilding industry and the automotive industry. As Europe’s leading importers of springs from developing countries, Germany and the United Kingdom are particularly interesting target markets. Developing country producers possessing the right metal-processing know-how and offering an answer to highly demanding customer requirements will have a better chance of convincing prospects. The relevant trends in the springs market include the demand for light-weight springs and the search for cost reduction, as well as the use of alternative materials.