In 2023, Italy dominated the European sold production of non-electric furnaces and ovens with an overwhelming majority share of 76.23%. Germany followed with a much smaller share and a negative year-on-year growth of 4.43%. Despite minor share holdings, Spain, Poland, Portugal, Croatia, and the United Kingdom also experienced negative growth rates, ranging from a minimal decline in Spain to significant reductions in the United Kingdom. This trend highlights a concentration of production in Italy, with Germany showing some resistance despite slackening demand elsewhere.
Looking ahead to 2024, the market is expected to maintain its reliance on Italy's production capabilities. Future trends to observe include potential shifts in market dynamics due to emerging technological advancements, environmental regulations, and economic factors that may influence production distributions and potential growth markets within Europe.
Top countries in Sold Production of Non-Electric Furnaces and Ovens for the Roasting, Melting or Other Heat-Treatment of Ores, Pyrites or of Metals Share by Country (Units (Items))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 86.34 | 2023 | +1.42% | +76.23% | View data |
| 2 | 2 Germany | 7.46 | 2023 | +7.21% | -4.43% | View data |
| 3 | 3 Spain | 2.52 | 2023 | 0% | +1.56% | View data |
| 4 | 4 Poland | 1.99 | 2023 | 0% | -2.35% | View data |
| 5 | 5 Portugal | 0.69 | 2023 | +4.76% | -8.07% | View data |
| 6 | 6 Croatia | 0.64 | 2023 | 0% | -5.36% | View data |
| 7 | 7 United Kingdom | 0.39 | 2023 | -19.35% | -15.49% | View data |
| 8 | 8 France | 0.24 | 2021 | -2.47% | View data |
