Germany remains the dominant player in European sold production of casting services of grey cast iron with the highest value recorded at 3.4763 billion euros in 2023. Italy and France follow, displaying significant roles in this industrial sector. Notably, while Italy achieved a remarkable 3.4% growth in 2023, France saw a slight decrease of 0.93%. Most countries exhibited minor fluctuations with notable declines in the United Kingdom at 14.8% and Serbia at 29.72%. Romania stands out with an 11.9% positive variation, contrasting with the decline in many others, indicating potential growth momentum in Eastern European markets.
Future trends to watch for include:
- Germany's continuous dominance and potential for growth in innovative casting solutions.
- The effect of Italy's robust 2023 performance on subsequent years regarding increased investments and technological advancements.
- Potential Eastern European market expansion, highlighted by Romania's substantial growth.
- Technological advancements aimed at improving casting efficiency and reducing environmental impact may significantly influence the industry.
- Brexit's ongoing implications could further impact the UK's market involvement and necessitate adjustments in other European countries.
Top countries in Sold Production of Casting Services of Grey Cast Iron by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,476,300,000 | 2023 | +6.99% | +0.84% | View data |
| 2 | 2 Italy | 791,610,000 | 2023 | +7.79% | +3.4% | View data |
| 3 | 3 France | 376,470,000 | 2023 | +0.62% | -0.93% | View data |
| 4 | 4 Spain | 314,060,000 | 2023 | +7.48% | +0.46% | View data |
| 5 | 5 Czechia | 155,460,000 | 2023 | |||
| 6 | 6 Belgium | 154,490,000 | 2023 | +2.76% | +0.82% | View data |
| 7 | 7 Poland | 91,145,000 | 2023 | +0.8% | -0.37% | View data |
| 8 | 8 Portugal | 63,512,000 | 2023 | +7.94% | -1.1% | View data |
| 9 | 9 Hungary | 37,896,000 | 2023 | +1.6% | +1.07% | View data |
| 10 | 10 United Kingdom | 29,854,000 | 2023 | -20.95% | -14.8% | View data |
