In 2023, Italy led the production of tubes and pipes with a value of 394.38 million euros, despite a slight decline of 1.49% compared to the previous year. Portugal experienced a significant increase of 33.79%, reaching 260.26 million euros, reflecting its growth potential in this sector. Spain saw a reduction of 6.49% with a production value of 97.485 million euros. Bulgaria and Hungary showed modest increases of 4.33% and 0.23%, respectively. Greece achieved a notable growth of 7.34%. Slovenia's production remained relatively stable with a 0.95% increase.
Looking ahead, the market for these steel products is expected to experience varied growth across different countries, influenced by economic conditions, demand fluctuations, and technological advancements in production methods. Tracking how emerging markets adjust in production share, alongside evolving environmental regulations across Europe, will be crucial in forecasting the future dynamics of this industry.
Top countries in Sold Production of Tubes and Pipes, of Square or Rectangular Cross-Section, of a Wall Thickness Less than 2 Mm, Hot- or Cold-Formed and Welded of Steel Other than Stainless Steel by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 394,380,000 | 2023 | +12.33% | -1.49% | View data |
| 2 | 2 Portugal | 260,260,000 | 2023 | +29.34% | +33.79% | View data |
| 3 | 3 Spain | 97,485,000 | 2023 | -7.27% | -6.49% | View data |
| 4 | 4 Bulgaria | 40,717,000 | 2023 | +4.45% | +4.33% | View data |
| 5 | 5 Czechia | 39,108,000 | 2023 | |||
| 6 | 6 Hungary | 26,721,000 | 2023 | +1.19% | +0.23% | View data |
| 7 | 7 Greece | 13,588,000 | 2023 | +4.25% | +7.34% | View data |
| 8 | 8 Slovenia | 5,103,200 | 2023 | +6.81% | +0.95% | View data |
