Lithuania stands out with the highest Structural Metal Products Production Index in Europe for 2023, recording a 9.47% increase in 2022. Greece follows with an upward trend, increasing by 5.6%. Spain and France showed smaller growths at 3.61% and 1.15%, respectively. Italy and Germany experienced a decline, with Germany decreasing by 2.01%. The Compound Annual Growth Rate (CAGR) over the last five years reflects a firm growth in the Baltic region, contrasted by stagnation in Western Europe.
Future trends to monitor include potential increased diversification in production and sustainable innovations. The Eastern European production surge might influence manufacturing hubs, reshaping the competitive landscape across Europe.
Top countries in Structural Metal Products Production Index by Country
| # | 6 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 266.6 | 2022 | +22.86% | +9.47% | View data |
| 2 | 2 Greece | 162.2 | 2022 | -6.78% | +5.6% | View data |
| 3 | 3 Spain | 127.9 | 2022 | +8.67% | +3.61% | View data |
| 4 | 4 France | 111.8 | 2022 | -2.95% | +1.15% | View data |
| 5 | 5 Italy | 98.8 | 2022 | -9.19% | -1.86% | View data |
| 6 | 6 Germany | 95.3 | 2022 | -5.27% | -2.01% | View data |
