In 2023, Italy led European production of metal polishes, holding a significant share at 58.4%, although demonstrating a slight decline of 1.87% year-on-year. Germany followed with 32.15%, showing a decrease of 3.16% from the previous year. The United Kingdom registered a moderate increase of 1.98%, remaining at 6.19%, while Spain and France faced minor declines, reaching 3.81% and 0.81%, respectively. Denmark saw a marginal increase, maintaining its position at 0.06%. Finland experienced the most considerable drop by 48.62%, accounting for just 0.00022%.
Future trends to watch include:
- Potential growth in eco-friendly and sustainable metal polish production, driven by increasing environmental regulations and consumer preference.
- The impact of technological advancements on production efficiency and capacity in leading countries like Italy and Germany.
- Market adjustments due to potential economic recovery post-pandemic and geopolitical shifts affecting supply chains.
Top countries in Sold Production of Metal Polishes Share by Country (Kilograms)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 58.4 | 2023 | +23.41% | -1.87% | View data |
| 2 | 2 Germany | 32.15 | 2023 | +4.26% | -3.16% | View data |
| 3 | 3 United Kingdom | 6.19 | 2023 | +3.05% | +1.98% | View data |
| 4 | 4 Spain | 3.81 | 2023 | +1.24% | -0.93% | View data |
| 5 | 5 France | 0.81 | 2023 | -7.72% | -3.57% | View data |
| 6 | 6 Denmark | 0.06 | 2023 | +3.82% | +0.53% | View data |
| 7 | 7 Finland | 0 | 2023 | -89.19% | -48.62% | View data |
