In 2023, Germany dominated the European market for iron or steel wood screws, accounting for a substantial 73.81% of the production share by value. France and Italy followed with 12.92% and 7.2%, respectively. While Italy experienced significant growth with a 37.36% increase from the previous year, countries like Spain and the United Kingdom saw declines of 2.56% and 15.32%, respectively. Over the past five years, these trends underscore a strong dominance by Germany, with rising contributions from France and Italy.
Future trends to watch:
- Continued dominance of Germany, given its established production and market position.
- Potential growth opportunities for Italy if the recent trend continues.
- The economic stability and infrastructure investments in Eastern European countries like Poland could alter market dynamics.
- Watch for technological advancements and sustainability practices influencing production and competition.
Top countries in Sold Production of Iron or Steel Wood Screws Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73.81 | 2023 | +3.47% | +7.09% | View data |
| 2 | 2 France | 12.92 | 2023 | +0.089% | +5.63% | View data |
| 3 | 3 Italy | 7.2 | 2023 | +2.4% | +37.36% | View data |
| 4 | 4 Poland | 3.13 | 2023 | +2.84% | +2.91% | View data |
| 5 | 5 Spain | 2.16 | 2023 | -1.99% | -2.56% | View data |
| 6 | 6 United Kingdom | 0.59 | 2023 | -1.88% | -15.32% | View data |
| 7 | 7 Finland | 0.38 | 2023 | +20.41% | +3.18% | View data |
| 8 | 8 Portugal | 0.11 | 2023 | -24.87% | +2.09% | View data |
| 9 | 9 Croatia | 0.014 | 2023 | +2.46% | +3.11% | View data |
| 10 | 10 Denmark | 0.008 | 2021 | +11.46% | +53.81% | View data |
