In 2023, France led European steel castings production for machinery with 357.18 million euros, followed by Italy and Germany. France and Italy grew modestly by 1.51% and 1.76%, respectively. Germany increased by 1.48%, while the UK declined slightly by 0.63%. Sweden and Bulgaria saw significant year-on-year growth at 4.53% and 4.5%. Croatia experienced a steep drop of 11.87%. Serbia recorded an impressive 17.03% rise, indicating robust growth potential. The average compound annual growth rate over five years shows an overall positive trend, except in some Eastern European countries facing declines.
Future trends to watch include:
- Continuous growth in Serbia and Finland, leveraging competitive advantages and strategic investments.
- Recovery potential in Croatia and Slovakia with industrial advancements and policy interventions.
- Environmental regulations impacting traditional steel production methods, driving innovation and sustainability investments in the sector.
- Technological advancements in automation and AI utilization improving production efficiency and output quality.
Top countries in Sold Production of Steel Castings for Machinery and Mechanical Appliances by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 357,180,000 | 2023 | +2.89% | +1.51% | View data |
| 2 | 2 Italy | 320,130,000 | 2023 | +4.15% | +1.76% | View data |
| 3 | 3 Germany | 238,390,000 | 2023 | +5.68% | +1.48% | View data |
| 4 | 4 United Kingdom | 129,110,000 | 2023 | -0.97% | -0.63% | View data |
| 5 | 5 Czechia | 124,590,000 | 2023 | |||
| 6 | 6 Sweden | 67,641,000 | 2023 | +2.69% | +4.53% | View data |
| 7 | 7 Spain | 53,530,000 | 2023 | +6.69% | -0.11% | View data |
| 8 | 8 Serbia | 23,081,000 | 2023 | +5.77% | +17.03% | View data |
| 9 | 9 Finland | 22,329,000 | 2023 | +8.26% | +3.58% | View data |
| 10 | 10 Austria | 20,346,000 | 2021 | -12.37% | View data |
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