The data for 2023 shows that Croatia led with the highest number of hours worked in the European precious metals and non-ferrous metals manufacturing sector, followed by Germany and the United Kingdom. Marked year-on-year variations include a significant increase in Croatia and Bulgaria, while most countries, including Germany and the UK, experienced declines or marginal changes. The last five-year trend indicates a varied CAGR across countries, with some regions maintaining stability and others, like Hungary and Latvia, experiencing sharper declines.
Future trends to watch:
- Shifts in economic policies and industrial demands impacting manufacturing hours in major economies like Germany and the UK.
- The potential for emerging EU markets like Bulgaria to grow in the sector based on recent positive changes.
- Technological advancements and green transitions which could redefine operational efficiencies and hours in this industry.
- The effects of geopolitical uncertainties on raw material supply chains influencing hours worked.
Top countries in Precious Metals and Non-Ferrous Metals Manufacturing Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Croatia | 116,530,000 | 2023 | +7.81% | +124.53% | View data |
| 2 | 2 Germany | 95,568,000 | 2023 | +2.44% | -0.95% | View data |
| 3 | 3 United Kingdom | 52,801,000 | 2023 | +0.59% | -0.18% | View data |
| 4 | 4 Poland | 30,307,000 | 2023 | +3.7% | +4.44% | View data |
| 5 | 5 Italy | 28,004,000 | 2023 | -2.28% | -1.16% | View data |
| 6 | 6 Spain | 20,547,000 | 2023 | -2.31% | -2.18% | View data |
| 7 | 7 Austria | 14,269,000 | 2023 | +1.69% | +0.94% | View data |
| 8 | 8 Bulgaria | 13,998,000 | 2023 | +12.48% | +8.53% | View data |
| 9 | 9 Romania | 13,754,000 | 2023 | +0.73% | +1.25% | View data |
| 10 | 10 Norway | 12,165,000 | 2023 | -1.46% | -0.25% | View data |
