In 2023, Germany led the turnover in European basic iron, steel, and ferro-alloys with €31.46 billion, followed by Italy (€20.46 billion) and France (€14.2 billion). Notable declines were observed in several major markets, including Spain (-8.73%), Germany (-5.01%), and Italy (-6.18%). Serbia and Malta showed significant growth at 20.29% and 46.14%, respectively, while Greece saw the largest decline at -25.58%.
Future trends to watch for include the recovery of key markets that experienced significant declines, driven by potential stabilization in raw material prices and demand. Innovations in eco-friendly steel production and adherence to stricter environmental regulations could also shape the landscape, driving investments in technology and green infrastructure. Monitoring these factors will be critical for assessing Europe's competitiveness and sustainability in this sector.
Top countries in Basic Iron, Steel and Ferro-Alloys Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,460 | 2023 | +1.59% | -5.01% | View data |
| 2 | 2 Italy | 20,460 | 2023 | +2.2% | -6.18% | View data |
| 3 | 3 France | 14,200 | 2023 | +1.53% | -3.94% | View data |
| 4 | 4 Belgium | 10,250 | 2023 | +5.46% | -2.31% | View data |
| 5 | 5 Austria | 8,930 | 2023 | +4.37% | -0.49% | View data |
| 6 | 6 United Kingdom | 8,400 | 2023 | -0.49% | -1.28% | View data |
| 7 | 7 Spain | 8,390 | 2023 | -0.093% | -8.73% | View data |
| 8 | 8 Poland | 6,840 | 2023 | +3.71% | -1.95% | View data |
| 9 | 9 Finland | 5,640 | 2023 | +0.33% | +0.22% | View data |
| 10 | 10 Sweden | 5,360 | 2023 | +1.19% | -4.64% | View data |
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