In 2023, Italy led the European market for circular section tubes and pipes, holding 52.32% of the share, with a notable year-on-year growth of 5.83%. The UK showed remarkable growth at 45.7%, albeit from a relatively smaller base. Germany and Spain, while important players, experienced marginal growth and slight declines, respectively. Poland's production increased by 5.68%, while countries like France and Greece saw decreases. Over the past five years, the sector has experienced varied trends, with emerging markets like Bulgaria and Finland showing promise with 9.23% and 10.52% growth, respectively.
For future trends, anticipated growth in Poland and Bulgaria suggests a shift towards Eastern Europe as significant contributors. Environmental regulations and technological advancements may influence product demand and production techniques. Countries investing in innovation and compliance are likely to see the most resilient growth.
Top countries in Sold Production of Tubes and Pipes, of Circular Cross-Section, Hot- or Cold-Formed and Welded, of an External Diameter Less than 406,4 mm of Steel Other than Stainless Steel Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.32 | 2023 | +7.31% | +5.83% | View data |
| 2 | 2 Germany | 9.07 | 2023 | -2.31% | +0.024% | View data |
| 3 | 3 Spain | 8.94 | 2023 | -2.83% | -2.53% | View data |
| 4 | 4 Poland | 7.34 | 2023 | +3.51% | +5.68% | View data |
| 5 | 5 Czechia | 4.87 | 2023 | |||
| 6 | 6 United Kingdom | 4.48 | 2023 | -0.25% | +45.7% | View data |
| 7 | 7 Portugal | 4.24 | 2023 | +2.04% | +2.45% | View data |
| 8 | 8 France | 4.01 | 2023 | -1.46% | -3.93% | View data |
| 9 | 9 Bulgaria | 2.59 | 2023 | +4.65% | +9.23% | View data |
| 10 | 10 Sweden | 1.67 | 2023 | -0.25% | +2.76% | View data |
