The European production of grey iron castings for land vehicles is predominantly led by Poland, with a significant production value, though it experienced a slight decline of 1.36% in 2023. Slovakia follows, also noting a decrease of 9.56%. Other countries like Finland and Croatia faced steeper declines of 16.52% and 30.61% respectively. Germany, Spain, Italy, Portugal, and France saw complete cessation. The Netherlands maintained its output level, experiencing no change in volume in 2023. Over the last five years, the compound annual growth rate (CAGR) shows Poland and Slovakia as the more stable producers amidst regional downturns.
Future trends to watch include potential market recovery and technological advancements which could influence production levels. Focus should also be placed on sustainable practices and innovation, especially for countries experiencing significant downturns or cessation. The shift towards electric vehicles may also impact demand patterns for grey iron castings. Monitoring geopolitical factors and EU regulations will be crucial in forecasting and strategizing for the grey iron casting market in Europe.
Top countries in Sold Production of Grey Iron Castings for Land Vehicles by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 14,464,000 | 2023 | +0.3% | -1.36% | View data |
| 2 | 2 Slovakia | 6,262,000 | 2023 | -4.46% | -9.56% | View data |
| 3 | 3 Finland | 671,330 | 2023 | +21.25% | -16.52% | View data |
| 4 | 4 Croatia | 537,300 | 2023 | -18.19% | -30.61% | View data |
| 5 | 5 Hungary | 34,450 | 2023 | -22.21% | -19.67% | View data |
| 6 | 6 Germany | 9,980 | 2023 | -89.65% | View data | |
| 7 | 7 Netherlands | 5,790 | 2023 | View data | ||
| 8 | 8 Spain | 2,180 | 2023 | -89.32% | View data | |
| 9 | 9 Italy | 1,010 | 2023 | -91.01% | View data | |
| 10 | 10 Portugal | 348.87 | 2023 | -90.06% | View data |
