In 2024, Germany continues to dominate European sold production of open sections cold formed or folded of stainless steel, maintaining a significant lead with a share of 86.9 kilograms. While Finland experienced the highest year-on-year growth of 54.31% in 2023, its production volume remains marginal compared to Germany. Over the previous year, France and Italy also saw notable increases of 40.68% and 4.85% respectively. The United Kingdom, Spain, and Denmark witnessed moderate gains, while Croatia's production share declined by 10.51% in 2023.
Looking forward, anticipate continued growth in Germany's production share, underpinned by its advanced industrial capabilities and focus on stainless steel applications. Meanwhile, emerging markets like Finland might accelerate production growth, driven by investments in technology and production efficiency. Environmental regulations and sustainability efforts will likely influence market dynamics and production approaches across Europe.
Top countries in Sold Production of Open Sections Cold Formed or Folded of Stainless Steel Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 86.9 | 2023 | +3.01% | +4.73% | View data |
| 2 | 2 Finland | 0.003 | 2023 | +0.0096% | +54.31% | View data |
| 3 | 3 France | 0.003 | 2023 | +12.97% | +40.68% | View data |
| 4 | 4 Italy | 0.001 | 2023 | +2.43% | +4.85% | View data |
| 5 | 5 Sweden | 0 | 2021 | +3.48% | View data | |
| 6 | 6 United Kingdom | 0 | 2023 | -3.3% | +12.28% | View data |
| 7 | 7 Spain | 0 | 2023 | +3.07% | +5.95% | View data |
| 8 | 8 Denmark | 0 | 2023 | +7.69% | +10.14% | View data |
| 9 | 9 Croatia | 0 | 2023 | -12.01% | -10.51% | View data |
