In 2023, the cold formed or folded non-alloy steel open sections market in Spain reached 311.13 million kilograms. The market demonstrated significant growth from 2013 to 2023, with a compound annual growth rate (CAGR) of 7.25% over the last five years. The sector experienced robust increases in 2015, 2018, and from 2020 onwards, albeit a slight contraction in 2020. The year-on-year growth in 2022 was 7.22%, and 6.67% in 2023, indicating a consistent upward trend.
Future trends to watch for include:
- Potential impacts of advancements in steel production technology.
- Influence of sustainability trends and regulations on manufacturing.
- Shifts in construction and automotive industries, major consumers of steel sections.
- Changes in tariffs or trade policies impacting the import and export dynamics.
How does Spain rank in Cold Formed or Folded Non Alloy Steel Open Sections Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 793,510,000 | 2023 | +0.55% | -0.65% | View data |
| 2 | 2 France | 722,570,000 | 2023 | -0.014% | -2.07% | View data |
| 3 | 3 Poland | 425,280,000 | 2023 | -0.58% | +0.46% | View data |
| 4 | 4 Spain | 311,130,000 | 2023 | +6.67% | +7.25% | |
| 5 | 5 Czech Republic | 147,720,000 | 2023 | +4.4% | +2.55% | View data |
| 6 | 6 Denmark | 46,360,000 | 2023 | +3.73% | +5.77% | View data |
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