In 2023, Germany led Europe's basic metals manufacturing production with a value share of 31.13 million euros, despite a slight decline of 0.85% from the previous year. Italy and Spain followed with significant shares but also faced declines of 4.17% and 4.82%, respectively. Austria and Bulgaria were among a few countries witnessing growth, with Austria increasing by 0.97% and Bulgaria by 0.82%. Notably, Serbia and Ireland marked substantial growth, with increases of 16.42% and 12.73%, respectively. The overall trend in Europe displayed a moderate decline in production values, with most countries experiencing reductions.
Future trends to watch in European basic metals manufacturing include the potential for recovery and growth as industries adapt to more sustainable and innovative manufacturing processes. Technological advancements, increased automation, and shifts towards green production methods could reshape market shares, potentially benefiting countries investing in modernizing their infrastructure and addressing environmental impacts. Additionally, trade policies and economic conditions will also play crucial roles in influencing these future dynamics.
Top countries in Basic Metals Manufacturing Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.13 | 2023 | +3.71% | -0.85% | View data |
| 2 | 2 Italy | 15.08 | 2023 | +2.06% | -4.17% | View data |
| 3 | 3 Spain | 6.99 | 2023 | +1.23% | -4.82% | View data |
| 4 | 4 France | 5.8 | 2023 | -2.93% | -7.81% | View data |
| 5 | 5 United Kingdom | 5.38 | 2023 | -1.3% | -1.85% | View data |
| 6 | 6 Austria | 5.34 | 2023 | +1.74% | +0.97% | View data |
| 7 | 7 Belgium | 4.59 | 2023 | -0.083% | -6.3% | View data |
| 8 | 8 Poland | 3.49 | 2023 | +4.51% | -3.76% | View data |
| 9 | 9 Sweden | 3.01 | 2023 | -0.95% | -7.72% | View data |
| 10 | 10 Netherlands | 2.32 | 2023 | +3.72% | -2.38% | View data |
