In 2023, Germany dominated the European wire products, chain, and springs market, contributing significantly to the turnover share, despite a slight decline. France and Italy followed, with modest growth and stable trends. Notably, Romania and Latvia exhibited substantial year-on-year gains. Conversely, the UK, Spain, Slovenia, and Bosnia and Herzegovina faced declining trends. Central and Eastern European countries like Poland and the Czech Republic showed steady growth, hinting at rising industrial activity in these regions.
Future trends to watch:
- Continued growth in Eastern European markets driven by industrial expansion.
- Potential recovery in the UK and Southern Europe markets as economic conditions stabilize.
- Impact of technological advancements and innovation in manufacturing processes on turnover.
Top countries in Wire Products, Chain and Springs Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.32 | 2023 | +1.7% | -0.52% | View data |
| 2 | 2 France | 12.77 | 2023 | -0.38% | +1.04% | View data |
| 3 | 3 Italy | 11.49 | 2023 | +1.09% | -0.06% | View data |
| 4 | 4 Poland | 6.51 | 2023 | +2.48% | +1.84% | View data |
| 5 | 5 Czech Republic | 4.67 | 2023 | +7.45% | +4.77% | View data |
| 6 | 6 Spain | 4.04 | 2023 | -2.72% | -4.24% | View data |
| 7 | 7 United Kingdom | 3.83 | 2023 | -6.58% | -6.71% | View data |
| 8 | 8 Sweden | 2.82 | 2023 | -0.2% | -1.03% | View data |
| 9 | 9 Greece | 2.81 | 2023 | +22.7% | +1.4% | View data |
| 10 | 10 Austria | 2.76 | 2023 | +0.11% | -0.69% | View data |
