In 2023, Germany led the turnover in the European Concrete, Cement and Plaster Articles sector with 18.22 billion Euros, showing a year-on-year growth of 2.41%. France followed with 13.44 billion Euros and a modest increase of 0.46%. The United Kingdom and Italy's turnovers were 7.41 and 7.06 billion Euros, with growth rates of 1.73% and 2.8%, respectively. Poland exhibited strong growth at 4.35%, reaching 6.39 billion Euros. Notably, Romania experienced the highest growth rate at 8.7%, despite a lower turnover of 2.1 billion Euros.
On the flip side, Belgium saw a significant decline of 3.26% in turnover, while Spain reported a notable decrease of 11.42%, reflecting market challenges or shifts in these regions. The overall industry observed varied growth rates, with countries like Sweden (7.54%) and Hungary (7.4%) showing robust increases, while others such as Norway (-0.31%) and Luxembourg (-0.31%) experienced slight declines.
Future trends to watch in the European Concrete, Cement, and Plaster Articles market include increased investment in sustainable construction practices, potential market expansion in Eastern Europe, and technological advancements in production processes that could drive efficiency and lower costs. Additionally, economic and geopolitical factors will likely influence regional demand and investment patterns across Europe.
Top countries in Concrete, Cement and Plaster Articles Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,220 | 2023 | +1.6% | +2.41% | View data |
| 2 | 2 France | 13,440 | 2023 | +3.65% | +0.46% | View data |
| 3 | 3 United Kingdom | 7,410 | 2023 | -0.62% | +1.73% | View data |
| 4 | 4 Italy | 7,060 | 2023 | +1.28% | +2.8% | View data |
| 5 | 5 Poland | 6,390 | 2023 | +5.27% | +4.35% | View data |
| 6 | 6 Netherlands | 3,690 | 2023 | +2.77% | +2.49% | View data |
| 7 | 7 Austria | 3,580 | 2023 | +0.91% | +0.93% | View data |
| 8 | 8 Sweden | 3,000 | 2023 | +2.47% | +7.54% | View data |
| 9 | 9 Switzerland | 2,500 | 2023 | +0.9% | +1.45% | View data |
| 10 | 10 Belgium | 2,450 | 2023 | -3.53% | -3.26% | View data |
