In 2023, European Sold Production of Parts of Land Vehicles (Nodular Iron Castings) saw Germany leading with significant production, followed by Spain and the United Kingdom. Germany and Spain experienced growth with a 0.65% and 1.62% YoY increase respectively. Italy and Hungary showed notable growth in 2023 with 3.77% and 3.14% respectively. On the contrary, France and Finland saw declines, with Finland experiencing a significant reduction of 13.76%. The Netherlands also experienced a modest decline at 0.8%.
Looking ahead, watch for trends such as:
- Continued growth in Eastern European markets, particularly Hungary and Czechia, as they integrate more into the supply chain.
- The potential impact of green initiatives on production practices in countries like Germany and the United Kingdom.
- Fluctuations in automotive demand affecting broader industry dynamics, especially post-2024 when significant shifts in vehicle manufacturing could influence nodular iron casting demands.
Top countries in Sold Production of Parts of Land Vehicles (Nodular Iron Castings) by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,214,500,000 | 2023 | +8.01% | +0.65% | View data |
| 2 | 2 Spain | 517,930,000 | 2023 | +7.88% | +1.62% | View data |
| 3 | 3 United Kingdom | 158,920,000 | 2023 | -0.0018% | +0.085% | View data |
| 4 | 4 Italy | 152,550,000 | 2023 | +1.4% | +3.77% | View data |
| 5 | 5 Netherlands | 96,187,000 | 2023 | +0.93% | +0.8% | View data |
| 6 | 6 Hungary | 56,847,000 | 2023 | +2.26% | +3.14% | View data |
| 7 | 7 Czechia | 52,834,000 | 2023 | |||
| 8 | 8 France | 47,525,000 | 2023 | -2.01% | -2.46% | View data |
| 9 | 9 Finland | 11,607,000 | 2023 | +6.88% | -13.76% | View data |
