In 2023, France led in the production of iron or steel cold-formed leaf-springs with a 43.56% share, showing a 3.8% increase from the previous year. Germany followed with 31.38%, representing a modest 0.14% growth. Italy, with a share of 9.82%, experienced a significant decline of 6.55%, while the UK saw a slight rise of 0.51% to 7.2%. Meanwhile, Sweden, Hungary, Portugal, and Finland witnessed reductions in production shares, with the most notable decline in Hungary at 16.04%. Portugal, despite a small share, grew by 5.94%. A downward trend in some regions marks the need for targeted interventions to sustain production levels.
Future trends to observe in European production include:
- The potential impact of technological advancements on production efficiency.
- The influence of stricter environmental regulations on manufacturing processes.
- Market dynamics with respect to green steel initiatives.
- Potential shifts in trade policies affecting inter-European distribution.
Top countries in Sold Production of Iron or Steel Cold-Formed Leaf-Springs and Leaves Therefor Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 43.56 | 2023 | +7.48% | +3.8% | View data |
| 2 | 2 Germany | 31.38 | 2023 | +5.6% | +0.14% | View data |
| 3 | 3 Italy | 9.82 | 2023 | +2.54% | -6.55% | View data |
| 4 | 4 United Kingdom | 7.2 | 2023 | +0.35% | +0.51% | View data |
| 5 | 5 Sweden | 4.37 | 2023 | -10.95% | -15.21% | View data |
| 6 | 6 Hungary | 0.64 | 2023 | -1.78% | -16.04% | View data |
| 7 | 7 Portugal | 0.12 | 2023 | +5.18% | +5.94% | View data |
| 8 | 8 Finland | 0.055 | 2023 | +35.28% | -10.67% | View data |
| 9 | 9 Denmark | 0.018 | 2021 | -10.65% | -14.44% | View data |
