In 2023, Italy led European sold production of machinery for metallurgy, with a value of €1.9815 billion, despite a year-on-year decrease of 1.94%. Germany followed with €0.83208 billion, experiencing a modest increase of 1.56%. Austria saw the highest year-on-year growth at 2.39%, contributing €0.61823 billion. Other notable improvements were in Slovenia (4.5%), Serbia (4.33%), and Bulgaria (10.32%). Conversely, Sweden and the UK recorded declines of 7.42% and 19.47%, respectively. The five-year compound annual growth rate will provide insights into long-term trends.
Future trends to watch:
- Continued technological advancements in metallurgy machinery boosting efficiency.
- Increased demand due to infrastructural development and modern metallurgy techniques.
- Potential market shifts influenced by regional policies and sustainability goals.
- Investments in automation and digital transformation impacting production capacities.
Top countries in Sold Production of Machinery for Metallurgy by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,981,500,000 | 2023 | -0.41% | -1.94% | View data |
| 2 | 2 Germany | 832,080,000 | 2023 | +6.01% | +1.56% | View data |
| 3 | 3 Austria | 618,230,000 | 2023 | +24.2% | +2.39% | View data |
| 4 | 4 Slovenia | 77,289,000 | 2023 | +3.14% | +4.5% | View data |
| 5 | 5 Czechia | 75,015,000 | 2023 | |||
| 6 | 6 Spain | 74,896,000 | 2023 | +9.75% | +1.3% | View data |
| 7 | 7 Sweden | 36,451,000 | 2023 | +0.15% | -7.42% | View data |
| 8 | 8 United Kingdom | 12,609,000 | 2023 | -26.4% | -19.47% | View data |
| 9 | 9 Portugal | 10,775,000 | 2023 | +11.9% | -4% | View data |
| 10 | 10 Finland | 8,863,000 | 2021 | +248.3% | +32.48% | View data |
