In 2023, Italy dominated European sold production of precision tubes and pipes with a 57.95% share, followed by Germany at 17.27%, and Spain at 4.84%. Other notable contributors were France at 4.73% and Finland at 2.26%. Year-on-year variations indicated mixed trends: Italy decreased by 2.19%, Germany showed a slight 0.04% increase, while Portugal grew significantly by 10.93%. Conversely, Finland, Spain, and Bulgaria faced declines of 7.99%, 6.2%, and 5.99%, respectively. Denmark experienced a notable surge of 29.92%, while Croatia notably declined by 25.66%.
Future trends to watch include the potential growth in production efficiency in Italy and the stability in Germany's market share. The resurgence of Portugal alongside Denmark's recent spike suggests a possible upward trend for smaller markets. Monitoring technological advancements and economic policies in the European manufacturing sector is crucial for anticipating shifts in production shares. Sustainability trends may also gain prominence, influencing material choices and production methods.
Top countries in Sold Production of Precision Tubes and Pipes, of Circular Cross-Section, Welded, of an External Diameter Less than 406,4 mm of Steel Other than Stainless Steel Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 57.95 | 2023 | +11.53% | -2.19% | View data |
| 2 | 2 Germany | 17.27 | 2023 | +4.51% | +0.04% | View data |
| 3 | 3 Spain | 4.84 | 2023 | +1.23% | -6.2% | View data |
| 4 | 4 France | 4.73 | 2023 | +7.26% | -1.02% | View data |
| 5 | 5 Finland | 2.26 | 2023 | -2.86% | -7.99% | View data |
| 6 | 6 Sweden | 1.3 | 2021 | +14.14% | View data | |
| 7 | 7 Czechia | 1.04 | 2023 | |||
| 8 | 8 Portugal | 0.81 | 2023 | +9.6% | +10.93% | View data |
| 9 | 9 Bulgaria | 0.74 | 2023 | -2.09% | -5.99% | View data |
| 10 | 10 Denmark | 0.064 | 2023 | +28.75% | +29.92% | View data |
