The European production of fasteners and screw machine products showed varying trends across countries in 2023. Italy and Germany lead the sector with Italy witnessing a significant 10.17% growth, contrastingly Germany grew by a modest 1.28%. France and Spain also experienced slight upticks, while Poland and the UK saw declines. Notable year-on-year increases include Belgium's astonishing 166.37%. However, declines were prominent in countries like Hungary and Romania, registering -20.26% and -27.81% respectively.
Future trends to watch include growth in automation and innovation within the sector, potential increases in environmentally friendly production methods, and shifts due to evolving trade agreements impacting production shares among European countries.
Top countries in Sold Production of Fasterners and Screw Machine Products Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.11 | 2023 | +1.89% | +10.17% | View data |
| 2 | 2 Germany | 31.53 | 2023 | +4.49% | +1.28% | View data |
| 3 | 3 France | 6.37 | 2023 | +11.67% | +2.18% | View data |
| 4 | 4 Spain | 5.39 | 2023 | +5.26% | +0.46% | View data |
| 5 | 5 Poland | 4.6 | 2023 | +0.88% | -0.42% | View data |
| 6 | 6 United Kingdom | 1.59 | 2023 | -6.39% | -6.79% | View data |
| 7 | 7 Portugal | 1.33 | 2023 | +13.35% | +0.86% | View data |
| 8 | 8 Czechia | 1.32 | 2023 | |||
| 9 | 9 Denmark | 0.84 | 2023 | +1.01% | +9.3% | View data |
| 10 | 10 Croatia | 0.65 | 2023 | +2.16% | +0.3% | View data |
