In 2023, Italy led the European production of hydraulic and pneumatic valves with a share of 41.95%, closely followed by Germany at 40.07%. Norway showed a significant surge with a year-on-year increase of 209.75%, raising its share to 8.94%. Denmark (5.43%), France (5.06%), and the United Kingdom (4.98%) were also notable contributors. Sweden saw a year-on-year growth of 6.32%, while Spain increased by 3.87%. Hungary experienced a significant decline by 27.59%. Smaller contributors included Finland (0.7%), Croatia (0.043%), Romania (0.022%), Estonia (0.0016%), and Slovenia (0.00024%). Over the last 5 years, the compound annual growth rate indicates varied performance with some countries experiencing growth and others, declines.
Future trends to watch include potential market shifts due to advancements in valve technology and automation, increased investment in hydraulic and pneumatic systems, and potential regulatory changes within the EU affecting production and demand. Additionally, countries with recent growth surges like Norway may continue their upward trend, while those with declining shares may implement strategies to recover.
Top countries in Sold Production of Hydraulic and Pneumatic Valves Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.95 | 2023 | +1.39% | +3.94% | View data |
| 2 | 2 Germany | 40.07 | 2023 | +4.36% | +0.097% | View data |
| 3 | 3 Norway | 8.94 | 2023 | +0.031% | +209.75% | View data |
| 4 | 4 Denmark | 5.43 | 2023 | +5.08% | +2.59% | View data |
| 5 | 5 France | 5.06 | 2023 | -6.54% | -4.4% | View data |
| 6 | 6 United Kingdom | 4.98 | 2023 | +3.75% | +5.07% | View data |
| 7 | 7 Sweden | 3.2 | 2023 | +3.64% | +6.32% | View data |
| 8 | 8 Spain | 1.19 | 2023 | +12.09% | +3.87% | View data |
| 9 | 9 Hungary | 0.97 | 2023 | -5.88% | -27.59% | View data |
| 10 | 10 Finland | 0.7 | 2021 | +213.04% | +10.5% | View data |
