In 2023, Belgium led European production of hot-rolled flat products in coil of stainless steel with 827.18 million kilograms. Finland, with a slight year-on-year increase of 3.13%, followed at 495.58 million kilograms, while Italy held at 451.73 million kilograms. Greece, Slovakia, and Denmark contributed minimally to the total production. Slovakia saw a notable 4.11% increase from the previous year, although the volumes remain minor. Over the last five years, the composite annual growth rate (CAGR) highlights stable growth trends in Finland and Slovakia, with Denmark showing stagnation.
Future trends to watch include:
- Potential growth in Finland, supported by recent incremental increases.
- Belgium's continued dominance in production levels.
- Emergence of new technologies impacting efficiency and output levels across Europe, with a focus on sustainability and energy consumption.
- Economic factors influencing production capacities and international market demand.
Top countries in Sold Production of Hot-Rolled Flat Products in Coil of Stainless Steel of a Width More than 600 mm by Country
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 827,180,000 | 2021 | View data | ||
| 2 | 2 Finland | 495,580,000 | 2023 | +4% | +3.13% | View data |
| 3 | 3 Italy | 451,730,000 | 2021 | View data | ||
| 4 | 4 Greece | 137,620 | 2021 | -38.76% | View data | |
| 5 | 5 Slovakia | 14,980 | 2023 | +6.91% | +4.11% | View data |
| 6 | 6 Denmark | 686 | 2023 | +34.77% | View data |
