The European Structural Metal Products Production Index exhibited diverse trends in 2023. Lithuania led with significant growth from 2022, supported by an 8.94% increase. Greece followed with a 5.65% rise, while Spain's production index rose by 3.66%. France showed modest growth of 1.26%. Conversely, Italy and Germany experienced declines of 1.73% and 1.82%, respectively. Over the last five years, the average growth per year indicated a promising trajectory for Lithuania and Greece despite the overall volatility illustrated by negative trends in Italy and Germany.
Future trends to watch for include:
- Technological advancements enhancing production efficiency.
- The impact of sustainability regulations on material costs.
- Market shifts towards eco-friendly production methods.
- The economic ripple effect of geopolitical tensions affecting export demand.
- Emerging markets influence on European production strategies.
Top countries in Structural Metal Products Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 263 | 2022 | +21.76% | +8.94% | View data |
| 2 | 2 Greece | 162.8 | 2022 | -6.7% | +5.65% | View data |
| 3 | 3 Spain | 127.1 | 2022 | +7.89% | +3.66% | View data |
| 4 | 4 France | 112 | 2022 | -3.28% | +1.26% | View data |
| 5 | 5 Italy | 97.9 | 2022 | -10.27% | -1.73% | View data |
| 6 | 6 Germany | 95.9 | 2022 | -5.52% | -1.82% | View data |
