In 2023, Germany dominated Europe's aluminium plates, sheets, and strips production market, leading significantly over other countries such as Hungary and Italy. Germany experienced a minor decline of 1.11% compared to the previous year. Conversely, Italy saw a robust growth of 15.62%, reflecting strategic market expansions. Hungary's production increased by 2.14%, while Greece improved by 7.08%. Notably, Finland demonstrated significant growth at 22.63%. Meanwhile, Serbia and Lithuania showed contrasting dynamics, with Serbia's production decreasing by 8.8% and Lithuania remaining constant.
Future trends to watch:
- Decarbonization initiatives impacting production processes.
- Increasing adoption of lightweight, high-strength materials in industries like automotive and aerospace.
- Continued market share struggles as countries optimize manufacturing capacities.
Top countries in Sold Production of Aluminium Plates, Sheets and Strips by Country
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,659,800,000 | 2023 | +2.68% | -1.11% | View data |
| 2 | 2 Hungary | 293,260,000 | 2023 | +4.52% | +2.14% | View data |
| 3 | 3 Italy | 99,636,000 | 2023 | -3.92% | +15.62% | View data |
| 4 | 4 Greece | 56,344,000 | 2023 | +8.09% | +7.08% | View data |
| 5 | 5 Serbia | 39,146,000 | 2023 | +1.65% | -8.8% | View data |
| 6 | 6 Finland | 7,237,900 | 2023 | +12.1% | +22.63% | View data |
| 7 | 7 Lithuania | 35,310 | 2023 | +7.23% | View data |
