The European production of basic metals in 2023 saw Germany leading with the largest share at 33.8 million euros, while Italy and Spain followed at 20.85 and 10.99 million euros, respectively. Year-on-year trends in 2023 reveal decreases in Germany and France by 0.29% and 0.76%, whereas countries like Ireland and Slovenia showed significant growths of 12.38% and 3.43%. Furthermore, the compound annual growth rate over five years highlights consistent increases in Austria and Netherlands production capacities.
Future trends to monitor include increasing diversification in production bases, technological advancements in metallurgical processes, and shifting economic policies impacting trade and environmental regulations within the European Union. The focus on sustainability and green production strategies could further influence the allocation of production capacities across countries.
Top countries in Production of Basic Metals Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.8 | 2023 | +0.89% | -0.29% | View data |
| 2 | 2 Italy | 20.85 | 2023 | +1.27% | +0.23% | View data |
| 3 | 3 Spain | 10.99 | 2023 | +0.91% | +0.23% | View data |
| 4 | 4 France | 10.34 | 2023 | +0.2% | -0.76% | View data |
| 5 | 5 Belgium | 7.09 | 2023 | +1.04% | -0.23% | View data |
| 6 | 6 Austria | 6.43 | 2023 | +2.15% | +1.81% | View data |
| 7 | 7 Finland | 3.23 | 2023 | +1.38% | +0.89% | View data |
| 8 | 8 Netherlands | 3.13 | 2023 | +1.72% | +1.25% | View data |
| 9 | 9 Greece | 1.33 | 2023 | +0.31% | -0.35% | View data |
| 10 | 10 Luxembourg | 1.17 | 2023 | +2.21% | +1.62% | View data |
