The European production landscape for iron or steel washers is dominated by Italy, which held a substantial 78.07% share in 2024, followed by Germany at 9.64%. Year-on-year changes for 2023 show that Italy's production increased by 76.56%, while Germany's declined by 1.19%. Sweden and Slovakia, showing moderate shares of 1.54% and 1.52% respectively, had growth rates of 6.96% and 6.1% in 2023. In contrast, the UK's production fell sharply by 30.82%. Other notable changes include significant growth for Denmark at 92.83% and Estonia at 39.54%.
Future trends to watch:
- The shift in production might be influenced by economic and policy changes, notably in major producers like Italy and Germany.
- Smaller countries with rapid growth rates, such as Estonia and Denmark, could become increasingly significant players.
- Ongoing technological advancements and sustainability measures could reshape production capacities and competitiveness across Europe.
Top countries in Sold Production of Iron or Steel Washers Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 78.07 | 2023 | +76.66% | +76.56% | View data |
| 2 | 2 Germany | 9.64 | 2023 | +0.93% | -1.19% | View data |
| 3 | 3 Sweden | 1.54 | 2023 | +16.01% | +6.96% | View data |
| 4 | 4 Slovakia | 1.52 | 2023 | +6.87% | +6.1% | View data |
| 5 | 5 Spain | 0.81 | 2023 | +5.29% | +6.07% | View data |
| 6 | 6 United Kingdom | 0.15 | 2023 | -39.85% | -30.82% | View data |
| 7 | 7 Czechia | 0.14 | 2023 | |||
| 8 | 8 Hungary | 0.037 | 2023 | +3.25% | +1.28% | View data |
| 9 | 9 Greece | 0.022 | 2023 | -1.82% | +8.73% | View data |
| 10 | 10 Croatia | 0.005 | 2023 | -27.13% | -0.37% | View data |
