In 2023, Italy led European sold production of tubes and pipes, exceeding 781 million euros, despite a slight decline of about 2%. Portugal showed robust growth with a nearly 20% increase, reaching 156.58 million euros. Conversely, Spain, Finland, Bulgaria, and Denmark experienced declines. Romania and Hungary noted marginal increases, reflecting stability in their markets. Lithuania faced notable reduction by over 21%, indicating significant market challenges. Over five years, the sector has shown varied changes, with a mixed outlook for different countries.
Future trends will likely emphasize green initiatives and technological advancements in production processes. Demand for sustainable and high-strength materials may drive growth, encouraging European producers to innovate and adapt to changing market needs, especially as industries prioritize eco-friendly solutions.
Top countries in Sold Production of Tubes and Pipes, of Square or Rectangular Cross-Section, of a Wall Thickness More than 2 Mm, Hot- or Cold-Formed and Welded of Steel Other than Stainless Steel by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 781,790,000 | 2023 | +6.88% | -1.97% | View data |
| 2 | 2 Portugal | 156,580,000 | 2023 | +15.43% | +19.67% | View data |
| 3 | 3 Austria | 98,465,000 | 2021 | View data | ||
| 4 | 4 Spain | 79,825,000 | 2023 | -14.14% | -7.46% | View data |
| 5 | 5 Greece | 62,769,000 | 2021 | +18.75% | View data | |
| 6 | 6 Finland | 60,964,000 | 2023 | +0.43% | -4.76% | View data |
| 7 | 7 Romania | 55,835,000 | 2023 | +1.01% | +0.44% | View data |
| 8 | 8 Hungary | 46,890,000 | 2023 | +0.14% | +3.41% | View data |
| 9 | 9 Bulgaria | 32,039,000 | 2023 | +1.46% | -1.04% | View data |
| 10 | 10 Slovenia | 19,473,000 | 2023 | +6.81% | +0.95% | View data |
