🔹 @Value is injected during the Bean Instantiation Phase, not the ApplicationContext Load Phase.

1️⃣ Spring Bean Lifecycle Phases

Spring's lifecycle can be divided into these key phases:

Phase What Happens?
ApplicationContext Load Phase Spring scans for Beans (@Component, @Service, @Repository, @Configuration) and loads configurations.
Bean Instantiation Phase Spring creates Beans and injects dependencies (@Autowired, @Value).
Post-Initialization Phase Spring calls @PostConstruct and executes lifecycle callbacks.
Application Running Phase The app is now ready to handle requests.

📌 @Value injection happens after the Bean is instantiated, but before @PostConstruct is executed.