In 2023, Italy dominated the European sold production market for stainless steel tubes and pipes of circular cross-section, welded, with an external diameter less than 406.4 mm, holding 57.52% market share. Germany trailed significantly at 28.03%, while France held 5.42%. Finland, Spain, and Serbia maintained smaller shares at 2.5%, 1.88%, and 0.72%, respectively. Notably, Denmark saw a significant year-on-year increase of 30.07%, while Poland decreased by 13.81%. The remaining countries held marginal shares below 1%, indicating concentrated market leadership primarily by Italy and Germany.
Future trends to watch include:
- The potential for increased market share by smaller producers, especially those with significant recent growth rates like Denmark.
- Development in stainless steel production technology and sustainability practices as these factors may reshape market dynamics and distribution.
- The impact of economic changes in key markets like Italy and Germany, which currently dominate the production landscape.
- Global trade dynamics and their influence on the European production of stainless steel tubes and pipes, as external competition may intensify.
Top countries in Sold Production of Tubes and Pipes, of Circular Cross-Section, Welded, of an External Diameter Less than 406,4 mm of Stainless Steel Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 57.52 | 2023 | +10.34% | +0.06% | View data |
| 2 | 2 Germany | 28.03 | 2023 | +11.17% | +1.97% | View data |
| 3 | 3 France | 5.42 | 2023 | -1.48% | -3.39% | View data |
| 4 | 4 Finland | 2.5 | 2023 | -3.44% | +1.29% | View data |
| 5 | 5 Spain | 1.88 | 2023 | +4.58% | +0.65% | View data |
| 6 | 6 Serbia | 0.72 | 2023 | +5.24% | +4.25% | View data |
| 7 | 7 Netherlands | 0.47 | 2021 | +20.57% | View data | |
| 8 | 8 Poland | 0.37 | 2023 | -0.52% | -13.81% | View data |
| 9 | 9 United Kingdom | 0.24 | 2023 | -15.97% | -8.73% | View data |
| 10 | 10 Bulgaria | 0.22 | 2023 | +3.5% | +3.07% | View data |
