In 2023, Germany held a dominant position with a 73.74% share of European sold production of globe valves of steel by kilograms, with a minor year-on-year increase of 1.83%. Italy, holding a 13.7% share, saw a significant rise of 7.57%. Denmark, at 5.89% share, experienced a slight decline of 3.53%. France's share stood at 2.55%, appreciating by 4.19%. Lithuania, with a 1.74% share, saw a considerable drop of 10.85%. Spain's 0.62% share fell by 8.34%, while the United Kingdom's presence was minimal at 0.073%, declining steeply by 33.26%. Finland’s contribution was negligible at 0.0096%.
Future trends to watch:
- Emerging markets may gradually increase their shares as technological and industrial capabilities improve.
- Sustained growth in Germany and Italy, driven by consistent demand and innovative production techniques.
- Potential recovery or further decline in smaller markets like Lithuania and Spain based on economic conditions and investments in manufacturing sectors.
- The UK and Finland might remain marginal players unless significant industrial changes occur.
Top countries in Sold Production of Globe Valves of Steel Share by Country (Kilograms)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73.74 | 2023 | +1.93% | +1.83% | View data |
| 2 | 2 Italy | 13.7 | 2023 | +12.85% | +7.57% | View data |
| 3 | 3 Denmark | 5.89 | 2023 | +1.83% | -3.53% | View data |
| 4 | 4 France | 2.55 | 2023 | +9.17% | +4.19% | View data |
| 5 | 5 Lithuania | 1.74 | 2023 | -3.56% | -10.85% | View data |
| 6 | 6 Spain | 0.62 | 2023 | -6.91% | -8.34% | View data |
| 7 | 7 United Kingdom | 0.073 | 2023 | -64.51% | -33.26% | View data |
| 8 | 8 Finland | 0.01 | 2021 | -24.78% | View data |
