In 2023, Sweden leads the European Domestic Material Consumption of Metals with significant growth at 3.09% increase in volumes. Germany holds a substantial share but experiences a slight decline of 0.82%. Countries like Spain, and Serbia are catching up with growth rates of 2.61% and 3.15% respectively, indicating positive trends. Conversely, nations like Norway and Italy face notable decreases, at -13.58% and -5.09%. Over five years, average annual growth rates show mixed performance with several Eastern European and Nordic countries witnessing modest to significant growth.
Future trends to watch include technological advancements in metal recycling, which may influence material consumption volumes. Additionally, evolving European Union sustainability policies could lead to an increase in demand for eco-friendly production processes, altering the material consumption landscape. Rising construction, automotive, and industrial demands in certain regions could further shift consumption patterns.
Top countries in Domestic Material Consumption of Metals by Country
# | 10 Countries | Million Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Sweden | 68.45 | 2023 | +2.37% | +3.09% | View data |
2 | 2 Germany | 40.78 | 2023 | +0.17% | -0.82% | View data |
3 | 3 Spain | 38.39 | 2023 | +2.8% | +2.61% | View data |
4 | 4 Poland | 36.58 | 2023 | -0.38% | -2.66% | View data |
5 | 5 Bulgaria | 35.29 | 2023 | +1.13% | +1.46% | View data |
6 | 6 Finland | 34.11 | 2023 | +2.88% | +0.43% | View data |
7 | 7 Serbia | 21.17 | 2023 | +2.18% | +3.15% | View data |
8 | 8 France | 20.19 | 2023 | +0.61% | -0.69% | View data |
9 | 9 United Kingdom | 12.52 | 2023 | -0.4% | +2.15% | View data |
10 | 10 Italy | 12.46 | 2023 | -3.44% | -5.09% | View data |