In 2023, Germany led the European market for cold-drawn or cold-rolled precision tubes and pipes with a significant share of 52.96%, followed by Italy at 29.9%. Spain held 5.85%, while Poland and Ireland accounted for 1.63% and 0.53% respectively. Denmark and Finland contributed minimally with 0.2% and 0.18%, followed by Czechia at a mere 0.037%. Year-on-year, Germany's production slightly decreased by 1.9%, while Italy saw a considerable increase of 7.63%. Spain maintained stability, displaying minor positive growth, whereas Poland experienced a slight decline. Denmark exhibited growth while Finland and Ireland remained stagnant.
Key trends and future dynamics to monitor include:
• Italy's rising production could edge them closer to Germany if their growth rate continues.
• Germany might focus on production efficiency to counter the slight decline and retain market leadership.
• Smaller markets like Denmark could provide exploratory opportunities if forecast growth persists.
• External factors such as supply chain adaptations, regulatory changes, or advancements in technology may influence production dynamics.
Top countries in Sold Production of Precision Tubes and Pipes of Circular Cross-Section, Cold-Drawn or Cold-Rolled, Seamless of Steel Other than Stainless Steel Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.96 | 2023 | +5.54% | -1.9% | View data |
| 2 | 2 Italy | 29.9 | 2023 | +10.57% | +7.63% | View data |
| 3 | 3 Spain | 5.85 | 2023 | +6.94% | +0.046% | View data |
| 4 | 4 Poland | 1.63 | 2023 | +1.26% | -2.03% | View data |
| 5 | 5 Ireland | 0.53 | 2023 | +23.6% | View data | |
| 6 | 6 Denmark | 0.2 | 2023 | +6.19% | +2.37% | View data |
| 7 | 7 Finland | 0.18 | 2023 | +17.62% | View data | |
| 8 | 8 Czechia | 0.037 | 2023 |
