The European Value Added of Basic Metals in 2023 highlights Germany's dominance with €20.64 billion, albeit with a decline of 1.87% year-on-year. Italy and France also experienced declines at 0.74% and 4.26%, respectively. Spain, Austria, and Finland showed growth, with Austria leading at 1.73%. Remarkably, Ireland saw a 12.49% increase, the highest among the countries. The smaller economies, such as Slovenia and Estonia, also experienced positive growth.
Key future trends to watch include technological advancements in metal manufacturing, which could spur productivity, and potential shifts in demand due to geopolitical factors and environmental regulations. A focus on sustainable practices and innovations in recycling is expected to influence the market dynamics significantly. Economic recovery post-pandemic and shifts in global supply chains may also impact value addition in this sector across Europe.
Top countries in Value Added of Basic Metals by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20,640 | 2023 | +0.097% | -1.87% | View data |
| 2 | 2 Italy | 9,120 | 2023 | +0.67% | -0.74% | View data |
| 3 | 3 Spain | 7,350 | 2023 | +1.46% | +1.48% | View data |
| 4 | 4 Austria | 5,180 | 2023 | +2.12% | +1.73% | View data |
| 5 | 5 France | 4,800 | 2023 | -2.18% | -4.26% | View data |
| 6 | 6 Belgium | 2,930 | 2023 | +0.038% | -1.27% | View data |
| 7 | 7 Netherlands | 2,510 | 2023 | +1.25% | +0.6% | View data |
| 8 | 8 Finland | 1,910 | 2023 | +1.6% | +1.85% | View data |
| 9 | 9 Greece | 903.01 | 2023 | -2.66% | -3.52% | View data |
| 10 | 10 Slovakia | 861.16 | 2023 | -0.17% | -4.48% | View data |
