In 2023, Italy dominated the European sold production of installation of machinery for metallurgy with a significant share of 68.99%, showing substantial year-on-year growth of 29.34%. Germany followed with 14.67%, experiencing a slight decline by 3.4%. Spain, holding a 7.12% share, saw modest growth of 3.38%. France, with a 3.8% share, recorded a notable increase of 12.29%. Poland contributed 1.63%, growing by 6.75%, while Finland and Denmark held smaller shares at 0.49% and 0.33%, with Finland achieving a significant 23.66% rise, and Denmark remaining stable at 0.0% change.
Future trends to watch include potential expansion and technological advancements in Italy's metallurgy machinery sector. The continued investment in industrial innovation across Europe could influence shifts in production shares, with particular attention to environmental sustainability and energy efficiency driving demand. Observing Germany's efforts to regain growth momentum and Spain's steady progress will be crucial for future market dynamics.
Top countries in Sold Production of Installation of Machinery for Metallurgy Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 68.99 | 2023 | +6.01% | +29.34% | View data |
| 2 | 2 Germany | 14.67 | 2023 | +0.84% | -3.4% | View data |
| 3 | 3 Spain | 7.12 | 2023 | +16.79% | +3.38% | View data |
| 4 | 4 France | 3.8 | 2023 | -1.69% | +12.29% | View data |
| 5 | 5 Poland | 1.63 | 2023 | +0.86% | +6.75% | View data |
| 6 | 6 Finland | 0.49 | 2023 | +14.1% | +23.66% | View data |
| 7 | 7 Denmark | 0.33 | 2023 | +19.07% | View data |
