In 2023, Italy led the European production of cold drawn steel bars with a substantial share, followed by Germany and Spain. Poland and the UK contributed modestly. Italy and Spain saw notable declines of 3.77% and 5.03%, respectively, while Portugal's production surged impressively by 391.07%. Sweden and Croatia also experienced positive growth. The last five years have seen varying trends, with Portugal showing the most remarkable CAGR due to its recent climb.
Looking ahead, the European market is likely to remain competitive. Trends to watch include the impact of advanced manufacturing technologies, regulatory changes favoring sustainability, and geopolitical developments potentially affecting supply chains.
Top countries in Sold Production of Cold Drawn Steel Bars Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 55.42 | 2023 | +9.78% | -3.77% | View data |
| 2 | 2 Germany | 30.4 | 2023 | +5.1% | -0.79% | View data |
| 3 | 3 Spain | 5.45 | 2023 | -2.72% | -5.03% | View data |
| 4 | 4 Poland | 4.54 | 2023 | +3.91% | +5.8% | View data |
| 5 | 5 United Kingdom | 1.44 | 2023 | -5.96% | -5.78% | View data |
| 6 | 6 Czechia | 0.94 | 2023 | |||
| 7 | 7 Finland | 0.75 | 2023 | +1.85% | -3.62% | View data |
| 8 | 8 Bulgaria | 0.36 | 2023 | +3.19% | +0.033% | View data |
| 9 | 9 Portugal | 0.26 | 2023 | +52.87% | +391.07% | View data |
| 10 | 10 Romania | 0.12 | 2023 | +3.76% | -3.79% | View data |
