In 2023, Germany led the European Cold Rolling of Narrow Strip market with a turnover of 2.78 billion euros, followed by Italy at 1.12 billion euros. Other notable contributors included Portugal and Spain, with 0.4008 and 0.3875 billion euros, respectively. The industry experienced varied year-on-year changes in 2023: Germany saw a modest growth of 0.29%, while significant increases were observed in Hungary (49.75%) and Greece (123.88%). Conversely, France and Spain faced downturns of 38.68% and 4.36%, respectively. Over the past five years, efforts in technological advancements and export markets shaped the five-year average growth.
Future trends to watch include:
- Increasing emphasis on sustainability leading to greener cold rolling processes.
- Potential shifts in market leadership due to geopolitical influences and trade agreements.
- Innovation-driven growth focusing on enhancing product quality and efficiency.
- Expansion of the narrow strip applications in emerging industries, bolstering demand across Europe.
Top countries in Cold Rolling of Narrow Strip Turnover by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,780 | 2023 | +2.98% | +0.29% | View data |
| 2 | 2 Italy | 1,120 | 2023 | +3.61% | -1.49% | View data |
| 3 | 3 Portugal | 400.8 | 2023 | +7.4% | +13.15% | View data |
| 4 | 4 Spain | 387.5 | 2023 | -3.93% | -4.36% | View data |
| 5 | 5 Hungary | 274.1 | 2023 | +21.5% | +49.75% | View data |
| 6 | 6 Romania | 39.7 | 2023 | -0.75% | -1.07% | View data |
| 7 | 7 Greece | 22.5 | 2023 | +16.58% | +123.88% | View data |
| 8 | 8 France | 5.8 | 2023 | -74.45% | -38.68% | View data |
