In 2023, Italy led the European sold production of cold drawn steel bars, capturing a substantial share of 50.91%. Germany followed with 31.84%, while Spain accounted for 6.84%. Poland saw a positive year-on-year growth of 4.1%, contrasting with declines in major markets such as Italy (-1.79%) and Germany (-1.37%). The United Kingdom and France suffered significant drops, at -12.33% and -15.6% respectively. Noteworthy growth was observed in Sweden at 18.78%, and Hungary posted an exceptional increase of 223.33%, albeit from a minimal base.
Future trends to watch include technological advancements in production efficiency, potential expansion into emerging markets, and the effects of European policy shifts on steel tariffs and environmental regulations. It will be crucial for industry players to adapt to these dynamics to maintain competitiveness and market share.
Top countries in Sold Production of Cold Drawn Steel Bars Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 50.91 | 2023 | +11.15% | -1.79% | View data |
| 2 | 2 Germany | 31.84 | 2023 | +6.36% | -1.37% | View data |
| 3 | 3 Spain | 6.84 | 2023 | +2.4% | -4.72% | View data |
| 4 | 4 Poland | 2.17 | 2023 | +3.55% | +4.1% | View data |
| 5 | 5 United Kingdom | 1.36 | 2023 | -6.46% | -12.33% | View data |
| 6 | 6 Czechia | 1.27 | 2023 | |||
| 7 | 7 France | 1 | 2023 | -34.43% | -15.6% | View data |
| 8 | 8 Finland | 0.66 | 2023 | +2.64% | -8.28% | View data |
| 9 | 9 Sweden | 0.29 | 2023 | -13.05% | +18.78% | View data |
| 10 | 10 Bulgaria | 0.22 | 2023 | +3.45% | -0.37% | View data |
