The market for stainless steel cold-rolled sheet, plate, and wide strip in Estonia has shown consistent growth over the past decade, reaching 8.1377 million kilograms in 2023. Over the last two years, the growth remained stable with year-on-year increases of 3.71% in 2022 and 3.59% in 2023. Looking at a longer period, the compound annual growth rate (CAGR) over the past five years was 8.73%, indicating persistent expansion in demand and usage.
Future trends to watch for:
- Potential advancements in production technology enhancing efficiency and output.
- Growing demand in renewable energy sectors, potentially increasing market consumption.
- Impact of geopolitical and economic fluctuations on supply chains affecting availability.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 137,670,000 | 2023 | -1.81% | +0.95% | View data |
| 2 | 2 Czech Republic | 117,330,000 | 2023 | +6.26% | +0.99% | View data |
| 3 | 3 Hungary | 50,077,000 | 2023 | +2.68% | +3.05% | View data |
| 4 | 4 Denmark | 48,628,000 | 2023 | +1.39% | +2.08% | View data |
| 5 | 5 Estonia | 8,137,700 | 2023 | +3.59% | +8.73% |
