In 2023, Slovakia dominated the European sold production of machines for treating metal, accounting for 67.54 units, with a significant increase from the previous year of 127.5%. Italy, although the second-largest producer, experienced a slight decline of 0.66%. Bulgaria and Hungary saw notable growth at 18.09% and 4.74%, respectively. Conversely, the United Kingdom and Finland faced declines of 12.57% and 26.79%, respectively.
Future trends to watch:
- An ongoing shift in production capacity favoring Eastern European countries, which may continue to drive growth in nations like Slovakia and Bulgaria.
- Potential innovation and technology upgrades influencing production efficiencies and capabilities across Europe, particularly in traditional manufacturing hubs like Italy and Spain.
- Post-Brexit economic adjustments impacting the United Kingdom's production capabilities and market strategies in metallurgy machinery.
Top countries in Sold Production of Machines for Treating Metal, Having Individual Functions Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 67.54 | 2023 | +7.32% | +127.5% | View data |
| 2 | 2 Italy | 12.77 | 2023 | +4.75% | -0.66% | View data |
| 3 | 3 Bulgaria | 4.16 | 2023 | +6.56% | +18.09% | View data |
| 4 | 4 Hungary | 3.84 | 2023 | +4.44% | +4.74% | View data |
| 5 | 5 Spain | 1.42 | 2023 | +1.26% | -0.12% | View data |
| 6 | 6 United Kingdom | 1.3 | 2023 | -17.1% | -12.57% | View data |
| 7 | 7 Austria | 0.94 | 2023 | +8.18% | -1.38% | View data |
| 8 | 8 Poland | 0.55 | 2023 | -13.13% | -6.53% | View data |
| 9 | 9 Czechia | 0.14 | 2023 | |||
| 10 | 10 Finland | 0.14 | 2023 | -17.89% | -26.79% | View data |
