In 2023, the European Basic Metals and Fabricated Metal Products Manufacturing industry exhibited noticeable growth. France led with a Gross Value Added (GVA) of 32.75 billion euros, marking a year-on-year increase of 4.66%. Estonia and Lithuania experienced the highest growth rates at 8.21% and 6.27%, respectively. Other countries displayed positive trends, with Croatia witnessing a significant 5.87% surge. Over the prior five years, the industry has shown consistent expansion, reflecting a compound annual growth rate driven by innovation and demand recovery.
Looking ahead, future growth in this sector is poised to be driven by advancements in manufacturing technologies, sustainability initiatives, and increasing demand for fabricated metal products. Monitoring geopolitical developments and carbon neutrality policies will be critical, as they are likely to influence production costs and market access across Europe.
Top countries in Basic Metals and Fabricated Metal Products Manufacturing Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 32,750 | 2023 | +1.4% | +4.66% | View data |
| 2 | 2 Austria | 13,070 | 2023 | +2.13% | +3.49% | View data |
| 3 | 3 Portugal | 3,570 | 2023 | +1.72% | +3.43% | View data |
| 4 | 4 Greece | 2,800 | 2023 | +3.42% | +5.06% | View data |
| 5 | 5 Slovenia | 2,250 | 2023 | -4.59% | +4.32% | View data |
| 6 | 6 Croatia | 1,090 | 2023 | +2.41% | +5.87% | View data |
| 7 | 7 Estonia | 651.78 | 2023 | +3.29% | +8.21% | View data |
| 8 | 8 Lithuania | 638.09 | 2023 | +2.53% | +6.27% | View data |
| 9 | 9 Malta | 64.68 | 2023 | +10.82% | +5.39% | View data |
