Between 2013 and 2023, the narrow cold rolling steel market in Ireland grew from 13.89 million kilograms to 22.589 million kilograms. The market showed substantial year-on-year growth in initial years, especially in 2016 with a 27.58% increase. The five-year CAGR leading to 2023 was 2.31%, indicating a moderate but consistent growth trend.
Recent years showed stable growth with a 5.55% increase in 2022 and a 5.17% rise in 2023, hinting at a steady upward trajectory. Notably, fluctuations were observed in 2018 and 2021, which temporarily disrupted the growth momentum.
Future trends to watch for:
- Potential impact of sustainability trends on production methods and demand.
- Technological advancements enhancing production efficiency.
- Global economic conditions influencing market dynamics.
- Demand changes driven by industry shifts towards lightweight materials.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,741,100,000 | 2023 | -0.85% | -1.37% | View data |
| 2 | 2 Poland | 775,420,000 | 2023 | -0.15% | +0.82% | View data |
| 3 | 3 Czech Republic | 623,730,000 | 2023 | +1.61% | +1.62% | View data |
| 4 | 4 France | 345,820,000 | 2023 | +0.14% | +1.53% | View data |
| 5 | 5 Ireland | 22,589,000 | 2023 | +5.17% | +2.31% |
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