In 2023, Germany led European sold production of light metal casting services, followed by Italy and France. Germany showed a moderate growth of 0.67%, while Italy and Spain experienced notable increases of 1.12% and 1.25%, respectively. Conversely, France saw a decline of 1.26%. Eastern European countries like Romania and Croatia recorded the highest growth rates, at 5.86% and 4.07% respectively, indicating a shift of production interest towards these regions. The UK and the Netherlands experienced the largest declines among western countries with -2.71% and -2.64%, respectively.
Future trends to watch include increasing investments in Eastern Europe due to lower production costs, and technological advancements in casting techniques which might shift production dynamics. Countries with negative growth may focus on innovation and efficiency improvements to regain competitiveness.
Top countries in Sold Production of Light Metal Casting Services by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,737,200,000 | 2023 | +7.53% | +0.67% | View data |
| 2 | 2 Italy | 2,030,400,000 | 2023 | +2.94% | +1.12% | View data |
| 3 | 3 France | 1,037,000,000 | 2023 | -0.19% | -1.26% | View data |
| 4 | 4 Spain | 993,450,000 | 2023 | +8.73% | +1.25% | View data |
| 5 | 5 Austria | 734,600,000 | 2023 | +10.55% | -0.65% | View data |
| 6 | 6 Czechia | 547,570,000 | 2023 | |||
| 7 | 7 United Kingdom | 482,210,000 | 2023 | -0.096% | -2.71% | View data |
| 8 | 8 Hungary | 454,280,000 | 2023 | +3.4% | +2.29% | View data |
| 9 | 9 Sweden | 253,030,000 | 2023 | +7.47% | +1.51% | View data |
| 10 | 10 Netherlands | 235,710,000 | 2023 | +16.89% | -2.64% | View data |
