Germany leads European steel casting services production in 2023 with a value of 1.1652 billion euros, despite a slight decline of 3% from the previous year. France, Spain, and Italy follow, with Italy experiencing the most significant growth at 1.63% year-on-year. Noteworthy is Sweden's impressive 17.44% increase, an outlier compared to Austria's 3.44% decline. Poland and Bulgaria show positive trends with above 3% growth. In contrast, Romania and Croatia register negative performances, with Croatia suffering a substantial 15.37% drop. Overall, moderate growth balances declines across various nations.
Looking ahead, technological advancements and sustainability practices in steel casting might shape future growth. The European Steel industry is anticipated to integrate more energy-efficient techniques, potentially impacting production and profitability positively. Watch for increased production in technologically advanced countries like Sweden and Germany as they adapt to greener manufacturing processes.
Top countries in Sold Production of Steel Casting Services by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,165,200,000 | 2023 | +4.08% | -0.03% | View data |
| 2 | 2 France | 431,520,000 | 2023 | -1.43% | -0.74% | View data |
| 3 | 3 Spain | 349,700,000 | 2023 | +3.78% | +0.59% | View data |
| 4 | 4 Italy | 318,040,000 | 2023 | +2.73% | +1.63% | View data |
| 5 | 5 United Kingdom | 152,730,000 | 2023 | -2.01% | +0.68% | View data |
| 6 | 6 Czechia | 129,780,000 | 2023 | |||
| 7 | 7 Austria | 126,110,000 | 2023 | +0.19% | -3.44% | View data |
| 8 | 8 Sweden | 81,123,000 | 2023 | +28.3% | +17.44% | View data |
| 9 | 9 Poland | 45,669,000 | 2023 | -0.57% | +3.96% | View data |
| 10 | 10 Portugal | 40,920,000 | 2023 | +2.46% | +0.93% | View data |
Latest reports
US Steel Market Report- Q1 2025
The US steel market in Q1 2025 is navigating a complex landscape shaped by significant investments, evolving trade policies, and a strong focus...
China Steel Market Report- Q1 2025
In the first quarter of 2025, the steel market in China faced significant challenges and opportunities amid a volatile global economic landscape. The...
Japan Steel Market Report- Q4 2024
In the fourth quarter of 2024, the steel industry in Japan navigated a complex economic landscape characterized by declining production levels and fluctuating...
Germany Steel Market Report- Q1 2025
In the first quarter of 2025, the Germany steel industry is navigating complex economic and geopolitical landscapes. Pressured by high energy costs due...
India Steel Market Report- Q1 2025
In the first quarter of 2025, the steel industry in India has exhibited considerable dynamism, driven by both domestic and international factors. The...
France Steel Market Report- Q1 2025
The France steel market in Q1 2025 faced a challenging quarter characterized by a decline in production and a complex economic backdrop. The...
Canada Steel Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Canadian steel market, characterized by significant changes in trade policies and market dynamics....
Brazil Steel Market Report- Q1 2025
The first quarter of 2025 has been a pivotal period for the Brazilian steel industry, marked by significant shifts in trade policies, sustainability...
Italy Steel Market Report- Q1 2025
The Italy steel market in the first quarter of 2025 is navigating a complex landscape characterized by fluctuating production and evolving market demands....
South Korea Steel Market Report- Q1 2025
The South Korean steel market is navigating a complex landscape in Q1 2025, influenced by global trade policies, domestic economic conditions, and technological...
