The European market for sold production of tubes and pipes, of circular cross-section, hot- or cold-formed and welded, with an external diameter of less than 406.4 mm of steel other than stainless steel, showed notable changes in 2023. Italy led with 948.95 million euros, outpacing Germany and Spain significantly. Year-on-year trends revealed Italy and Poland with positive growth at 5.83% and 5.68%, respectively, while Spain and France saw declines. The United Kingdom experienced a remarkable increase of 45.7%, and Denmark showed a surge at 42.19%. Over five years, the compound annual growth rate (CAGR) signified variations aligning with these yearly shifts.
Future trends could be influenced by advancements in manufacturing technologies, shifts in construction and automotive industries, and potential regulatory changes affecting steel production. Sustainability and eco-friendly practices are poised to drive innovation, seeking alternatives to traditional steel production methods.
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 by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 948,950,000 | 2023 | +7.31% | +5.83% | View data |
| 2 | 2 Germany | 164,450,000 | 2023 | -2.31% | +0.024% | View data |
| 3 | 3 Spain | 162,120,000 | 2023 | -2.83% | -2.53% | View data |
| 4 | 4 Poland | 133,070,000 | 2023 | +3.51% | +5.68% | View data |
| 5 | 5 Czechia | 88,253,000 | 2023 | |||
| 6 | 6 United Kingdom | 81,175,000 | 2023 | -0.25% | +45.7% | View data |
| 7 | 7 Portugal | 76,928,000 | 2023 | +2.04% | +2.45% | View data |
| 8 | 8 France | 72,689,000 | 2023 | -1.46% | -3.93% | View data |
| 9 | 9 Bulgaria | 46,992,000 | 2023 | +4.65% | +9.23% | View data |
| 10 | 10 Sweden | 30,303,000 | 2023 | -0.25% | +2.76% | View data |
