In 2023, Italy led European production of iron or steel cotters and cotter-pins with 23.34% share in kilograms, exhibiting a growth of 7.9%. Germany followed with 19.74%, but experienced a decline of 3.5%. Sweden saw significant growth at 52.87%, reaching 14.11%. France and the UK showed slight decreases of 1.58% and 4.31% respectively. Finland marked dramatic growth of 323.16% up to 9.17%. Denmark also showed strong gains at 222.98%, despite a smaller share of 5.7%. Other countries like Poland, Spain, and Slovakia showed positive growth, whereas countries like Bulgaria posted marginal increases. Estonia recorded a modest increase, maintaining a very low share.
Future trends to watch include potential growth in smaller European markets as domestic industries strengthen, with Finland and Denmark's unexpected growth suggesting opportunities in niche production capabilities. Monitoring potential economic impacts, trade agreements, and technological advancements could further influence production shares across Europe. Sustainability and automation in production processes may emerge as significant trends, potentially shifting production capacities and competitive advantages across European nations.
Top countries in Sold Production of Iron or Steel Cotters and Cotter-Pins and Similar Non-Threaded Articles Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.34 | 2023 | +16.99% | +7.9% | View data |
| 2 | 2 Germany | 19.74 | 2023 | -2.44% | -3.5% | View data |
| 3 | 3 Sweden | 14.11 | 2023 | +55.91% | +52.87% | View data |
| 4 | 4 France | 10.66 | 2023 | +1.3% | -1.58% | View data |
| 5 | 5 Finland | 9.17 | 2023 | +32.76% | +323.16% | View data |
| 6 | 6 United Kingdom | 7.15 | 2023 | -1.97% | -4.31% | View data |
| 7 | 7 Poland | 6 | 2023 | +2.21% | +5.06% | View data |
| 8 | 8 Denmark | 5.7 | 2023 | +45.09% | +222.98% | View data |
| 9 | 9 Spain | 5.5 | 2023 | +6.27% | +0.093% | View data |
| 10 | 10 Czechia | 5.31 | 2023 |
