The Casting of Steel Market in the UK showed a significant decline from 2012 to 2015, with a steep decrease in volume from 44.447 million kilograms in 2012 to 22.654 million kilograms in 2015. The market experienced smaller declines from 2016 through 2018, followed by a modest recovery in 2019 with a 10.39% year-on-year increase. However, 2020 saw a sharp decline of 29.08%, partly rebounding in 2021 with a 9.62% increase, only to further decrease by 9.71% in 2022.
Trends to watch for in the future include the development of sustainable and eco-friendly steel casting processes, advancements in technology that can drive efficiency, and the potential impacts of regulatory changes on the production and demand of steel castings in the UK. Keeping an eye on global market influences and shifts in industrial demand will also be critical for anticipating future trends.
How does the United Kingdom rank in Casting of Steel Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100,790,000 | 2023 | -0.12% | +0.2% | View data |
| 2 | 2 Spain | 80,018,000 | 2023 | +2.09% | +1.5% | View data |
| 3 | 3 Italy | 77,311,000 | 2023 | -1.52% | -2.69% | View data |
| 4 | 4 France | 52,605,000 | 2023 | -2.33% | -2.8% | View data |
| 5 | 5 Czech Republic | 33,254,000 | 2023 | -3.83% | -3.95% | View data |
| 6 | 6 United Kingdom | 14,588,000 | 2023 | -10.54% | -7.07% | |
| 7 | 7 Austria | 14,043,000 | 2023 | -0.38% | -0.4% | View data |
| 8 | 8 Sweden | 12,061,000 | 2023 | +0.41% | +1.37% | View data |