The European market for steel forged and non-alloy hot-rolled bars in 2023 presented Italy as the leading country at 1.1453 billion kilograms, followed by France at 0.42015 billion kilograms. The Czech Republic and Hungary registered moderate volumes at 0.23144 and 0.1132 billion kilograms, respectively. Denmark and Finland showcased lower volumes of 0.087421 and 0.041068 billion kilograms. Year-on-year analysis noted declines in most countries, with Italy at -2.18% and Finland at -3.59%, whereas Hungary showed an increase of 2.71%. Calculating over five years, compound annual growth rates would reveal more stable longer-term trends.
Future trends to watch in the European market include:
- Potential shifts in demand driven by construction and automotive sectors.
- Impact of environmental regulations on production methods.
- Increasing adoption of advanced forging technologies to enhance efficiency.
- Strengthening trade relations within the EU to stabilize raw material supply chains.
Top countries in Steel Forged Bars and Non-Alloy Steel Hot-Rolled Bars Market Size Volume by Country
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,145,300,000 | 2023 | -2% | -2.18% | View data |
| 2 | 2 France | 420,150,000 | 2023 | +0.45% | -0.0066% | View data |
| 3 | 3 Czech Republic | 231,440,000 | 2023 | +0.71% | -0.83% | View data |
| 4 | 4 Hungary | 113,200,000 | 2023 | +8.18% | +2.71% | View data |
| 5 | 5 Denmark | 87,421,000 | 2023 | +0.44% | +0.18% | View data |
| 6 | 6 Finland | 41,068,000 | 2023 | -2.51% | -3.59% | View data |
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