In 2023, Germany led the European import of iron or steel threaded fasteners with 22.36% market share, followed by Spain's significant growth, reaching 11.73%. France and other countries such as Italy and the UK experienced marginal changes in market shares. Noteworthy is the rapid increase in Spain's imports, which saw a notable growth rate of 19.79%, and Malta with the highest year-on-year increase of 9.05%. The CAGR over the past five years highlights stability in major economies like Germany and fluctuations in smaller markets.
Future trends to watch include:
- Potential shifts in Eastern European countries like Romania and Bulgaria which are showing steady growth.
- The impact of geopolitical events, specifically near-term EU trade policies that may influence import dynamics.
- Long-term sustainability efforts that could influence sourcing and manufacturing processes across Europe.
Top countries in Import of Iron or Steel Threaded Fasteners Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.36 | 2023 | +5.52% | +0.022% | View data |
| 2 | 2 Spain | 11.73 | 2023 | +0.14% | +19.79% | View data |
| 3 | 3 France | 7.91 | 2023 | +5.2% | +0.56% | View data |
| 4 | 4 Poland | 6.86 | 2023 | +3.27% | +4.16% | View data |
| 5 | 5 Netherlands | 6.62 | 2023 | +5.24% | +0.11% | View data |
| 6 | 6 United Kingdom | 6.42 | 2023 | +0.24% | -0.17% | View data |
| 7 | 7 Italy | 5.83 | 2023 | +4.68% | +0.59% | View data |
| 8 | 8 Slovakia | 5.1 | 2023 | +2.5% | -1.11% | View data |
| 9 | 9 Czechia | 4.7 | 2023 | |||
| 10 | 10 Belgium | 4.41 | 2023 | +6.56% | +2.09% | View data |
