In 2023, Italy led the European production of stainless steel tubes and pipes with an external diameter less than 406.4 mm, reaching 2.026 billion euros. This was followed by Germany at 0.98742 billion euros and France at 0.19104 billion euros. Notably, Italy saw a modest growth of 6% year-on-year, whereas Germany surged by 1.97%. Meanwhile, France experienced a decline of 3.39% in the same period. Countries like Denmark and Greece experienced significant growth, with Denmark having a remarkable increase of 30.07%. Poland and the United Kingdom, however, faced declines of 13.81% and 8.73%, respectively, reflecting shifts in production dynamics across Europe.
Looking ahead, the European market for welded tubes and pipes is expected to see shifts influenced by technological advancements, demand from key industries like automotive and construction, and economic conditions. Countries like Denmark might continue their upward trend, driven by increased industrial activities and investments. However, compliance with environmental regulations and rising energy costs could pose challenges, requiring strategic adaptations by producers to maintain competitiveness and profitability in the coming years.
Top countries in Sold Production of Tubes and Pipes, of Circular Cross-Section, Welded, of an External Diameter Less than 406,4 mm of Stainless Steel by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,026,000,000 | 2023 | +10.34% | +0.06% | View data |
| 2 | 2 Germany | 987,420,000 | 2023 | +11.17% | +1.97% | View data |
| 3 | 3 France | 191,040,000 | 2023 | -1.48% | -3.39% | View data |
| 4 | 4 Finland | 88,089,000 | 2023 | -3.44% | +1.29% | View data |
| 5 | 5 Spain | 66,364,000 | 2023 | +4.58% | +0.65% | View data |
| 6 | 6 Serbia | 25,494,000 | 2023 | +5.24% | +4.25% | View data |
| 7 | 7 Netherlands | 16,399,000 | 2021 | +20.57% | View data | |
| 8 | 8 Poland | 13,194,000 | 2023 | -0.52% | -13.81% | View data |
| 9 | 9 United Kingdom | 8,279,000 | 2023 | -15.97% | -8.73% | View data |
| 10 | 10 Bulgaria | 7,665,900 | 2023 | +3.5% | +3.07% | View data |
