The European market for casting services of grey cast iron in 2023 showed varied performances by country. Germany led production with a minor decrease of 1.53% year-over-year, maintaining a significant market share. Italy experienced a substantial decline of 27.33%, indicating challenges in this market. Spain and France saw slight decreases in production with Spain at 0.42% and France at 2.64%. Other notable declines included Bulgaria with a 12.07% reduction and the Netherlands at 6.36%. Conversely, Romania experienced a notable increase of 7.97%, demonstrating growth potential in this sector.
Looking ahead to future trends, the market will need to monitor technological advancements in casting services, environmental regulations affecting production processes, and potential shifts in demand for cast iron products. Countries demonstrating resilience, like Romania, or those taking strategic measures to enhance efficiency and reduce production costs, may experience growth. Additionally, ongoing economic factors across Europe and global competition will influence market dynamics.
Top countries in Sold Production of Casting Services of Grey Cast Iron by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,143,300,000 | 2023 | +5.09% | -1.53% | View data |
| 2 | 2 Italy | 1,190,100,000 | 2023 | +9.15% | -27.33% | View data |
| 3 | 3 Spain | 219,320,000 | 2023 | +5.3% | -0.42% | View data |
| 4 | 4 France | 175,920,000 | 2023 | +1.17% | -2.64% | View data |
| 5 | 5 Czechia | 86,195,000 | 2023 | |||
| 6 | 6 Poland | 67,611,000 | 2023 | -0.052% | -1.88% | View data |
| 7 | 7 Belgium | 44,187,000 | 2023 | +2.55% | -2.04% | View data |
| 8 | 8 Portugal | 39,123,000 | 2023 | +7.72% | -1.29% | View data |
| 9 | 9 Hungary | 28,035,000 | 2023 | +1.26% | +0.63% | View data |
| 10 | 10 Slovenia | 11,537,000 | 2023 | -6.25% | -5.94% | View data |
