In 2023, Germany led European R&D expenditure in the basic metals sector, with investments totaling 507.61 million euros, reflecting a decrease of 2.39% from the previous year. Italy and Spain followed with 123.99 million euros and 59.29 million euros, marking a 1.39% increase and a 6.05% decrease respectively. Finland and Slovenia experienced minor reductions, while Portugal saw a growth of 2.26%. Over the last five years, the sector has shown a moderate compound annual growth rate (CAGR), indicating fluctuating investment interests.
Future trends to watch include:
- A potential resurgence in German investment, driven by technological advancements and the transition towards sustainable manufacturing practices.
- Italy's continued positive trend could lead to increased competitiveness in the European basic metals market.
- Spain may need strategic policies to reverse declines and boost innovation investment.
- Small economies like Portugal and Slovenia could increasingly focus on niche innovations, aligning with broader European green transition goals.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Basic Metals by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 507.61 | 2023 | +0.31% | -2.39% | View data |
| 2 | 2 Italy | 123.99 | 2023 | +8.29% | +1.39% | View data |
| 3 | 3 Spain | 59.29 | 2023 | +3.88% | -6.05% | View data |
| 4 | 4 Finland | 26.41 | 2023 | -0.9% | -2.84% | View data |
| 5 | 5 Portugal | 13.06 | 2023 | +5.13% | +2.26% | View data |
| 6 | 6 Slovenia | 6.47 | 2023 | -0.77% | -1.78% | View data |
