Germany leads the European sold production of cement with a value of 2.8047 billion Euros in 2024, marking an increase of 3.83% from 2023. Spain follows with 1.804 billion Euros and a robust growth of 6.2%. Italy's production stood at 1.5723 billion Euros, experiencing a 6.52% rise. Poland and France produced 1.2439 and 1.2274 billion Euros respectively, with Poland growing by 5.89% but France declining by 10.84%. The United Kingdom's value of 1.1354 billion Euros represents a 5.14% increase. Romania, Ireland, and Greece saw moderate growth, while Austria and Belgium showed minimal changes. Sweden and Estonia were among the few with negative growth, especially Portugal with a significant drop of 37.56%.
Over the last five years, the compound annual growth rate (CAGR) highlights consistent upward trends in most countries, despite some fluctuations. Countries like Hungary and Ireland have shown remarkable growth, while France and Portugal experienced downturns that affected their CAGR negatively.
Future trends to watch include the impact of environmental regulations on production costs and the adoption of sustainable materials. Emerging economies within Europe, particularly in Eastern Europe, may contribute to an overall increase in production due to infrastructure projects. Additionally, technological advancements could drive efficiency and cost-effectiveness, further influencing market dynamics.
Top countries in Sold Production of Cement by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,804,700,000 | 2023 | +2.83% | +3.83% | View data |
| 2 | 2 Spain | 1,804,000,000 | 2023 | +9.91% | +6.2% | View data |
| 3 | 3 Italy | 1,572,300,000 | 2023 | -0.28% | +6.52% | View data |
| 4 | 4 Poland | 1,243,900,000 | 2023 | +1.84% | +5.89% | View data |
| 5 | 5 France | 1,227,400,000 | 2023 | -12.24% | -10.84% | View data |
| 6 | 6 United Kingdom | 1,135,400,000 | 2023 | +1.19% | +5.14% | View data |
| 7 | 7 Romania | 579,000,000 | 2023 | +1.28% | +3.49% | View data |
| 8 | 8 Ireland | 522,590,000 | 2023 | +6.25% | +7% | View data |
| 9 | 9 Greece | 455,470,000 | 2023 | +4.09% | +2.3% | View data |
| 10 | 10 Austria | 439,140,000 | 2023 | +0.43% | +2.69% | View data |
