In 2023, Italy led the European market for cold extrusion steel parts with a significant share of 51.05%. Germany followed with a share of 16.45%, while Finland held 10.3%. Spain's output stood at 8.43%, showing a decline from previous years. Hungary, Poland, and Ireland had smaller market shares, with Ireland showing the largest growth rate at 10.2% year-on-year.
The five-year CAGR indicates a stable yet varied landscape, with Italy maintaining a strong upward trend. Future trends to watch include digitalization in manufacturing, which will impact efficiency and cost competitiveness, alongside potential market expansions in Eastern Europe.
Top countries in Sold Production of Cold Extrusion Steel Parts for Machinery and Mechanical Appliances Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 51.05 | 2023 | +5.64% | +6.22% | View data |
| 2 | 2 Germany | 16.45 | 2023 | +1.19% | -1.73% | View data |
| 3 | 3 Finland | 10.3 | 2023 | +3.6% | -0.22% | View data |
| 4 | 4 Spain | 8.43 | 2023 | -4.05% | -3.86% | View data |
| 5 | 5 Hungary | 3.05 | 2023 | +4.23% | -0.77% | View data |
| 6 | 6 Poland | 1 | 2023 | +2.84% | -0.41% | View data |
| 7 | 7 Ireland | 0.46 | 2023 | +6.63% | +10.2% | View data |
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