The 2023 data for European Basic Metals Manufacturing Production Value saw Germany leading with a value of €106.93 billion, followed by Italy at €51.8 billion and Spain at €24.01 billion. Austria showed a slight increase of 0.97%, while significant declines were observed in countries like France (-7.81%) and Belgium (-6.3%). Notable growth was seen in Serbia (16.42%) and Ireland (12.73%), while smaller markets like Lithuania experienced a sharp decline of -14.42%. Other countries such as Estonia and Latvia showed moderate increases of 4.8% and 3.55% respectively. Future trends may show continued consolidation in larger markets and growth in emerging economies.
Future trends to watch include:
- Potential continued growth in Serbia and Ireland.
- Stabilization in major economies like Germany and Italy under socioeconomic pressures.
- Increased focus on sustainability and green manufacturing across Europe.
- The impact of geopolitical tensions on manufacturing outputs in smaller countries.
- Digital transformations and smart manufacturing technologies driving efficiency improvements.
Top countries in Basic Metals Manufacturing Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 106,930 | 2023 | +3.71% | -0.85% | View data |
| 2 | 2 Italy | 51,800 | 2023 | +2.06% | -4.17% | View data |
| 3 | 3 Spain | 24,010 | 2023 | +1.23% | -4.82% | View data |
| 4 | 4 France | 19,910 | 2023 | -2.93% | -7.81% | View data |
| 5 | 5 United Kingdom | 18,470 | 2023 | -1.3% | -1.85% | View data |
| 6 | 6 Austria | 18,330 | 2023 | +1.74% | +0.97% | View data |
| 7 | 7 Belgium | 15,750 | 2023 | -0.083% | -6.3% | View data |
| 8 | 8 Poland | 11,990 | 2023 | +4.51% | -3.76% | View data |
| 9 | 9 Sweden | 10,350 | 2023 | -0.95% | -7.72% | View data |
| 10 | 10 Netherlands | 7,980 | 2023 | +3.72% | -2.38% | View data |
