In 2023, Germany dominated the European light metals casting industry, with 47.127 million hours worked despite a slight decline of 0.67% year-on-year. Italy and Poland followed, with Italy showing a modest decrease and Poland a healthy growth of 3.45%. The United Kingdom and Hungary kept steady with minor increases, whereas Slovakia and Finland faced significant declines.
Croatia, Portugal, and Greece demonstrated notable growth, with increases exceeding 6%, indicating emerging trends in these markets. Conversely, Bulgaria and Finland experienced setbacks, with Finland showing the highest contraction at over 6%.
Future trends suggest a shifting landscape in the European light metals casting sector, with rising interests in innovative technologies, increased efficiency, and sustainable practices. Watch for growth opportunities in emerging markets like Croatia and Portugal, alongside potential recovery in historically stronger markets like Germany and Italy.
Top countries in Light Metals Casting Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47,127,000 | 2023 | +4.41% | -0.67% | View data |
| 2 | 2 Italy | 18,499,000 | 2023 | +6.2% | -0.21% | View data |
| 3 | 3 Poland | 15,207,000 | 2023 | +3.71% | +3.45% | View data |
| 4 | 4 Hungary | 11,791,000 | 2023 | +6.34% | +1.81% | View data |
| 5 | 5 United Kingdom | 10,410,000 | 2023 | -0.56% | +0.39% | View data |
| 6 | 6 Czech Republic | 9,980,900 | 2023 | +3.33% | +1.5% | View data |
| 7 | 7 Spain | 7,672,800 | 2023 | +3.45% | +2.56% | View data |
| 8 | 8 Austria | 7,337,200 | 2023 | +4.01% | -0.56% | View data |
| 9 | 9 Romania | 6,032,900 | 2023 | +8.02% | +1.69% | View data |
| 10 | 10 Slovakia | 3,124,500 | 2023 | +2.51% | -3.55% | View data |
