The European market for metal polishes in 2023 shows Germany as the leader, contributing 40.95% of the production value, followed closely by Italy at 37.75%. The United Kingdom holds a significant share of 12.72%. Denmark, France, Spain, and the Netherlands have smaller shares of 4.5%, 2.79%, 2.28%, and 1.66%, respectively, while Finland trails with a minimal share.
Year-on-year analysis from 2023 reveals growth in Italy (2.58%), the United Kingdom (2.18%), Denmark (4.97%), France (3.11%), and Spain (2.72%), with Germany experiencing a decline of 1.65%. The compound annual growth rate over the last five years can provide insight into these trends but is not specified here.
Future trends to watch:
- Shift in production dominance from Germany to Italy if growth trends continue.
- Potential for Denmark to increase its market influence significantly.
- Innovation or regulatory changes in the metal polish industry impacting production shares.
Top countries in Sold Production of Metal Polishes Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.95 | 2023 | +3.27% | -1.65% | View data |
| 2 | 2 Italy | 37.75 | 2023 | +19.72% | +2.58% | View data |
| 3 | 3 United Kingdom | 12.72 | 2023 | +1.16% | +2.18% | View data |
| 4 | 4 Denmark | 4.5 | 2023 | +8.72% | +4.97% | View data |
| 5 | 5 France | 2.79 | 2023 | -7.36% | +3.11% | View data |
| 6 | 6 Spain | 2.28 | 2023 | +10.44% | +2.72% | View data |
| 7 | 7 Netherlands | 1.66 | 2021 | -41.38% | View data | |
| 8 | 8 Finland | 0.007 | 2021 | -78.2% | -14.01% | View data |
