European exports of globe valves of steel are dominated by Germany, contributing the largest volume at 34.576 million kilograms. Notably, Germany exhibited a modest year-on-year growth of 1.6% in 2023. Italy and Denmark followed, with Italy showing a year-on-year increase of 4.6%, and Denmark facing a decline of 7.07%. Emerging players include Hungary with a 6.46% increase and the Netherlands with a strong 7.39% rise. Conversely, countries like Spain and Finland experienced significant downturns of 13.98% and 21.1% respectively.
Key trends to watch in the future include:
- Germany's continued dominance, though growth rates may vary in future forecasts.
- The rising contributions from Eastern European countries such as Lithuania and Latvia, supported by above-average growth rates.
- Significant potential for market expansions in smaller countries showing remarkable year-on-year growth rates, such as Malta and Luxembourg.
- Potential challenges for countries experiencing large negative growth, which may need adjusting strategies to stabilize their exports.
Top countries in Export of Globe Valves of Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34,576,000 | 2023 | +1.29% | +1.6% | View data |
| 2 | 2 Italy | 5,574,600 | 2023 | +11.57% | +4.6% | View data |
| 3 | 3 Denmark | 2,288,700 | 2023 | +20.69% | -7.07% | View data |
| 4 | 4 Lithuania | 2,099,300 | 2023 | +1.66% | -4.28% | View data |
| 5 | 5 Hungary | 1,229,500 | 2023 | +3.15% | +6.46% | View data |
| 6 | 6 France | 823,660 | 2023 | +5.58% | -3.29% | View data |
| 7 | 7 Netherlands | 638,690 | 2023 | +2.36% | +7.39% | View data |
| 8 | 8 Austria | 627,910 | 2023 | +2.58% | +14.28% | View data |
| 9 | 9 Poland | 537,250 | 2023 | +1.51% | -0.91% | View data |
| 10 | 10 Romania | 268,490 | 2023 | +2.06% | +1.75% | View data |
