In 2023, Germany led the European Cold Rolling of Narrow Strip sector, employing 61.73% of the workforce, although it saw a -2.57% decrease from the previous year. Italy, holding 14.96%, also faced a -4.95% decline. Romania, with 10.43%, grew by 3.78%, while Greece experienced significant growth at 51.31%, despite having a smaller share at 5.49%. Portugal registered a modest increase of 4.61%, whereas Spain declined by -6.83%. Hungary showed a notable rise of 14.47%, while France suffered a large reduction of -21.1%. Norway remained stable with minimal activity.
Future trends to watch include the potential for further employment shifts driven by technological advancements and increased automation. There may also be emerging opportunities within smaller countries to expand their workforce share as they modernize production processes.
Top countries in Cold Rolling of Narrow Strip Number of Persons Employed Share by Country (Units (Employees))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61.73 | 2023 | -2.43% | -2.57% | View data |
| 2 | 2 Italy | 14.96 | 2023 | -3.17% | -4.95% | View data |
| 3 | 3 Romania | 10.43 | 2023 | +2.58% | +3.78% | View data |
| 4 | 4 Greece | 5.49 | 2023 | +24.32% | +51.31% | View data |
| 5 | 5 Portugal | 3.96 | 2023 | +4.08% | +4.61% | View data |
| 6 | 6 Spain | 3.94 | 2023 | -15.38% | -6.83% | View data |
| 7 | 7 Hungary | 1.36 | 2023 | +3.64% | +14.47% | View data |
| 8 | 8 France | 1.01 | 2023 | -36.09% | -21.1% | View data |
| 9 | 9 Norway | 0.095 | 2023 | 0% | 0% | View data |
