The European basic metals manufacturing industry has shown varied performance across countries in 2023. Germany continues to lead with the largest output share, marginally increasing by 0.27%. Italy experienced a decline of 0.55%, while France and Spain saw moderate growth. Austria and Finland exhibited significant increases of 6.98% and 12.65% respectively. However, the United Kingdom's output fell by 1.91%, and Poland by 0.9%. Noteworthy improvements were also observed in Slovakia and Bulgaria with growth rates above 11%. Smaller economies like Latvia surged with a 17.24% increase.
Looking ahead, the industry is expected to innovate in sustainable manufacturing practices amidst regulatory pressures. Germany’s dominance might endure, though emerging players like the Netherlands and Finland may capture more share due to their robust growth trends. Monitoring post-Brexit UK and Poland’s strategies could provide insight into competitive and collaborative regional dynamics.
Top countries in Basic Metals Manufacturing Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.6 | 2023 | +4.33% | +0.27% | View data |
| 2 | 2 Italy | 14.17 | 2023 | +4.02% | -0.55% | View data |
| 3 | 3 France | 7.68 | 2023 | +6.75% | +0.24% | View data |
| 4 | 4 Spain | 7.42 | 2023 | +7.1% | +0.15% | View data |
| 5 | 5 Austria | 5.87 | 2023 | +1.83% | +6.98% | View data |
| 6 | 6 Belgium | 5.8 | 2023 | +0.8% | +2.71% | View data |
| 7 | 7 Finland | 3.96 | 2023 | +0.77% | +12.65% | View data |
| 8 | 8 Sweden | 3.73 | 2023 | +1.67% | +1.33% | View data |
| 9 | 9 United Kingdom | 3.43 | 2023 | -1.9% | -1.91% | View data |
| 10 | 10 Netherlands | 3.23 | 2023 | +1.25% | +9.23% | View data |
