In 2023, Italy led European steel flange production with a value of €206.91 million, despite a slight decline of 2.91% from the previous year. Germany and Spain followed with €156.33 million and €93.098 million, respectively, where Spain showed a significant increase of 8.92%. Poland exhibited the highest year-on-year growth at 29.48%, reaching €51.986 million. The UK, Romania, and Bulgaria experienced declines of 2.33%, 5.57%, and 4.94%, respectively. Finland's production rose by 14.83%, indicating potential for growth.
Future trends to watch include:
- Continued growth in Poland and Finland, indicating emerging markets.
- Germany and Italy may stabilize or see slight declines, suggesting manufacturers may focus on efficiency and cost management.
- Potential for growth in renewable energy industries may influence demand positively for steel flanges.
Top countries in Sold Production of Steel Flanges by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 206,910,000 | 2023 | -2.02% | -2.91% | View data |
| 2 | 2 Germany | 156,330,000 | 2023 | -2.6% | -3.84% | View data |
| 3 | 3 Spain | 93,098,000 | 2023 | +1.09% | +8.92% | View data |
| 4 | 4 United Kingdom | 58,025,000 | 2023 | -4.42% | -2.33% | View data |
| 5 | 5 Poland | 51,986,000 | 2023 | +5.27% | +29.48% | View data |
| 6 | 6 Romania | 20,594,000 | 2023 | -4.69% | -5.57% | View data |
| 7 | 7 Sweden | 10,769,000 | 2021 | +39.19% | View data | |
| 8 | 8 Czechia | 5,101,700 | 2023 | |||
| 9 | 9 Serbia | 3,027,800 | 2023 | +5.5% | +3.91% | View data |
| 10 | 10 Lithuania | 2,148,600 | 2023 | +2.67% | -2.45% | View data |
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