In 2023, Germany led basic metal production in Europe, valued at 99.44 billion euros, although it saw a slight decline of 0.19%. Italy and Austria followed with values of 60.67 and 18.29 billion euros, respectively, with Austria experiencing a notable increase of 1.49%. Belgium's production dipped by 1.08% to 16.89 billion euros, while Finland's grew by 0.92% to 9.52 billion euros. The Netherlands saw a 1.08% rise, reaching 8.85 billion euros. Greece's production decreased by 1.16%, and Slovenia and Estonia saw strong growth at 3.23% and 3.9%, albeit from smaller bases.
Future Trends to Watch:
- Germany's continued investment in sustainable technologies may drive growth despite recent declines.
- Italy's stable increases suggest resilience within its basic metals sector.
- Austria's impressive growth might attract increased investment and innovation.
- Belgium may need to focus on modernization to reverse its downward trend.
- Emerging markets in smaller countries like Slovenia and Estonia are likely to expand rapidly with industrial advancements.
- Overall, European production could increasingly pivot towards green and digital initiatives given global sustainability pressures.
Top countries in Production Volumes of Basic Metals by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 99,440 | 2023 | +0.28% | -0.19% | View data |
| 2 | 2 Italy | 60,670 | 2023 | +0.73% | +0.18% | View data |
| 3 | 3 Austria | 18,290 | 2023 | +1.53% | +1.49% | View data |
| 4 | 4 Belgium | 16,890 | 2023 | -0.55% | -1.08% | View data |
| 5 | 5 Finland | 9,520 | 2023 | +1.04% | +0.92% | View data |
| 6 | 6 Netherlands | 8,850 | 2023 | +1.33% | +1.08% | View data |
| 7 | 7 Greece | 3,940 | 2023 | -0.62% | -1.16% | View data |
| 8 | 8 Slovenia | 2,860 | 2023 | +2.87% | +3.23% | View data |
| 9 | 9 Estonia | 86.42 | 2023 | +3.2% | +3.9% | View data |
