In 2023, the market size for European steel tubes, pipes, hollow profiles, and related fittings showed significant variation across countries. Germany led with a market value of 5.0964 billion euros, followed by France and Spain at 2.1959 billion and 1.2556 billion euros, respectively. Poland experienced a notable decline of 9.72%, the most significant drop among the listed countries, while Belgium saw a robust growth of 5.8%. Hungary and Lithuania had growth rates of 3.69% and 3.29%. Despite a slight contraction, Croatia displayed stability with a marginal dip of 0.99%.
Future trends to watch in this sector include technological advancements and increased automation in manufacturing processes, shifts towards sustainability and energy efficiency, and potential impacts of geopolitical events on trade and supply chain dynamics. Monitoring regulatory changes and evolving consumer demands will also be critical for market players in the European steel sector.
Top countries in Steel Tubes, Pipes, Hollow Profiles and Related Fittings Manufacturing Market Size Value by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,096,400,000 | 2023 | +2.54% | +2.62% | View data |
| 2 | 2 France | 2,195,900,000 | 2023 | +1.15% | +0.038% | View data |
| 3 | 3 Spain | 1,255,600,000 | 2023 | +3.38% | +3.52% | View data |
| 4 | 4 Poland | 743,540,000 | 2023 | -11.06% | -9.72% | View data |
| 5 | 5 Belgium | 527,320,000 | 2023 | +5.24% | +5.8% | View data |
| 6 | 6 Hungary | 469,000,000 | 2023 | +6.9% | +3.69% | View data |
| 7 | 7 Croatia | 144,520,000 | 2023 | -0.66% | -0.99% | View data |
| 8 | 8 Lithuania | 141,210,000 | 2023 | +4.11% | +3.29% | View data |
