Germany leads in Europe with the highest value added from basic metals at €36 million, despite a 1.87% decline in 2023. Italy and Spain follow, with Italy experiencing a slight decrease of 0.74% and Spain seeing growth at 1.48%. Austria and Finland show positive trends, with increases of 1.73% and 1.85%, respectively. Conversely, France, Greece, and Slovakia face declines, with Slovakia experiencing the steepest drop at 4.48%. Notably, Ireland marks a significant rise of 12.49%, and Slovenia grows by 3.32%, indicating potential emerging players.
Future trends to watch include increasing investments in green technologies within the basic metals sector, driven by European sustainability goals. Countries that adapt to these trends and enhance digital and environmental manufacturing processes could potentially increase their value added significantly in coming years. Ireland's recent growth showcases a positive outlook, and similar smaller economies may follow suit with strategic industry advancements.
Top countries in Value Added of Basic Metals Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36 | 2023 | +0.097% | -1.87% | View data |
| 2 | 2 Italy | 15.91 | 2023 | +0.67% | -0.74% | View data |
| 3 | 3 Spain | 12.83 | 2023 | +1.46% | +1.48% | View data |
| 4 | 4 Austria | 9.03 | 2023 | +2.12% | +1.73% | View data |
| 5 | 5 France | 8.36 | 2023 | -2.18% | -4.26% | View data |
| 6 | 6 Belgium | 5.12 | 2023 | +0.038% | -1.27% | View data |
| 7 | 7 Netherlands | 4.37 | 2023 | +1.25% | +0.6% | View data |
| 8 | 8 Finland | 3.33 | 2023 | +1.6% | +1.85% | View data |
| 9 | 9 Greece | 1.58 | 2023 | -2.66% | -3.52% | View data |
| 10 | 10 Slovakia | 1.5 | 2023 | -0.17% | -4.48% | View data |
