In 2023, Germany led the European Cold Rolling of Narrow Strip production with a value of €2.71 billion, showcasing a 1.05% increase year-on-year. Italy's value decreased slightly by 1.12% to €1.19 billion. Spain saw a significant decline of 5.34%, reaching €0.4067 billion, while Portugal rebounded with a remarkable 12.9% growth to €0.3956 billion. Hungary experienced the most substantial growth of 42.03%, reaching €0.2046 billion, and Greece surged by 118.67% to €0.02 billion. Conversely, France faced a drastic reduction of 47.8%, ending at €0.0027 billion.
Looking forward, trends to watch include Germany's consistent performance, potential for recovery in Italy, and Spain's challenges. Portugal and Hungary emerge as promising markets with strong growth, while Greece shows volatility. France's decline raises concerns, suggesting a need for strategic realignment. Keeping an eye on technological advancements, regulatory changes, and market demands will be critical for navigating future dynamics.
Top countries in Cold Rolling of Narrow Strip Production Value by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,710 | 2023 | +2.48% | +1.05% | View data |
| 2 | 2 Italy | 1,190 | 2023 | +4.74% | -1.12% | View data |
| 3 | 3 Spain | 406.7 | 2023 | -3.25% | -5.34% | View data |
| 4 | 4 Portugal | 395.6 | 2023 | +7.27% | +12.9% | View data |
| 5 | 5 Hungary | 204.6 | 2023 | +12.36% | +42.03% | View data |
| 6 | 6 Greece | 20 | 2023 | +12.36% | +118.67% | View data |
| 7 | 7 France | 2.7 | 2023 | -86.8% | -47.8% | View data |
