In 2023, Germany led the European iron casting market with a turnover of 6.82 billion euros, despite a decline of 1.85% from the previous year. Italy, with 1.38 billion euros, also witnessed a decrease of 4.66%, while Poland experienced a modest increase of 0.96%, reaching 0.8957 billion euros. Spain faced a significant decline of 11.54%, recording 0.7494 billion euros. The United Kingdom showed minor stability with a decrease of 0.55%. France faced the largest decline of 14.56% with a turnover of 0.3604 billion euros.
Belgium experienced notable growth at 9.35%, while Serbia and Iceland also saw increases of 4.99% and 4.36%, respectively. On the contrary, Greece and Portugal faced declines of over 5%. Over the past five years, the industry encountered varied growth trends, with some countries experiencing steady growth while others faced downturns due to global economic challenges.
Future trends to monitor include advancements in technology and sustainability efforts, which could reshape the production process in the iron casting industry. Market dynamics such as shifting supply chains and fluctuations in demand are expected to influence turnover across European countries. Continual focus on innovation and adapting to economic changes will be essential for growth in this sector.
Top countries in Iron Casting Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,820 | 2023 | +6.7% | -1.85% | View data |
| 2 | 2 Italy | 1,380 | 2023 | +1.69% | -4.66% | View data |
| 3 | 3 Poland | 895.7 | 2023 | +9.77% | +0.96% | View data |
| 4 | 4 Spain | 749.4 | 2023 | -8.51% | -11.54% | View data |
| 5 | 5 United Kingdom | 699.5 | 2023 | +0.37% | -0.55% | View data |
| 6 | 6 Czech Republic | 482.3 | 2023 | +6.52% | +2.37% | View data |
| 7 | 7 France | 360.4 | 2023 | -24.7% | -14.56% | View data |
| 8 | 8 Greece | 288.3 | 2023 | +2.36% | -5.34% | View data |
| 9 | 9 Austria | 267.3 | 2023 | +2.57% | -1.78% | View data |
| 10 | 10 Belgium | 263.7 | 2023 | +4.11% | +9.35% | View data |
