The analysis of the European Basic Iron, Steel, and Ferro-Alloys market reveals Germany leading with significant turnover, followed by Italy and France. Among smaller markets, Serbia and Malta showed notable positive variations in 2023, contrasting sharply with the downturn observed in Greece and Romania. Despite overall volatility, Finland experienced marginal growth. The past year's data suggests market-wide challenges, witnessing declines across most major economies, with some exceptions like Serbia's sharp increase.
Future trends to watch include the impact of sustainability initiatives aiming at reducing carbon footprints, potential shifts in demand due to geopolitical factors, and economic recovery post-pandemic fostering renewed construction activities and automotive sector growth across the region. Competitive dynamics and technological advancements could also spur efficiency and innovation within the industry.
Top countries in Basic Iron, Steel and Ferro-Alloys Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.46 | 2023 | +1.59% | -5.01% | View data |
| 2 | 2 Italy | 15.26 | 2023 | +2.2% | -6.18% | View data |
| 3 | 3 France | 10.59 | 2023 | +1.53% | -3.94% | View data |
| 4 | 4 Belgium | 7.64 | 2023 | +5.46% | -2.31% | View data |
| 5 | 5 Austria | 6.66 | 2023 | +4.37% | -0.49% | View data |
| 6 | 6 United Kingdom | 6.26 | 2023 | -0.49% | -1.28% | View data |
| 7 | 7 Spain | 6.25 | 2023 | -0.093% | -8.73% | View data |
| 8 | 8 Poland | 5.1 | 2023 | +3.71% | -1.95% | View data |
| 9 | 9 Finland | 4.2 | 2023 | +0.33% | +0.22% | View data |
| 10 | 10 Sweden | 4 | 2023 | +1.19% | -4.64% | View data |
