In 2023, the European market for steel tubes and pipes favored Italy with a commanding share, despite a slight decrease of nearly 2%. Portugal, however, showed a notable increase of nearly 20%, positioning it as a growing player in the market. Spain and Finland experienced contractions, with Spain's production declining by about 7.5% and Finland by approximately 4.8%. The market saw some stability in Romania and Hungary, with minor growth, whereas Lithuania faced a significant drop of over 21%. Overall, the market depicts a dynamic landscape with varying growth and contraction across countries.
Future trends to watch in the European production of steel tubes and pipes suggest a focus on Portugal's continued growth potential, driven by strategic investments and market expansions. Environmental regulations and the shift towards green technology would influence production techniques. Additionally, advancements in welding technologies and ongoing geopolitical developments, particularly affecting raw material supply chains, will play crucial roles in shaping market dynamics in the coming years.
Top countries in Sold Production of Tubes and Pipes, of Square or Rectangular Cross-Section, of a Wall Thickness More than 2 Mm, Hot- or Cold-Formed and Welded of Steel Other than Stainless Steel Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.37 | 2023 | +6.88% | -1.97% | View data |
| 2 | 2 Portugal | 12.09 | 2023 | +15.43% | +19.67% | View data |
| 3 | 3 Austria | 7.6 | 2021 | View data | ||
| 4 | 4 Spain | 6.16 | 2023 | -14.14% | -7.46% | View data |
| 5 | 5 Greece | 4.85 | 2021 | +18.75% | View data | |
| 6 | 6 Finland | 4.71 | 2023 | +0.43% | -4.76% | View data |
| 7 | 7 Romania | 4.31 | 2023 | +1.01% | +0.44% | View data |
| 8 | 8 Hungary | 3.62 | 2023 | +0.14% | +3.41% | View data |
| 9 | 9 Bulgaria | 2.47 | 2023 | +1.46% | -1.04% | View data |
| 10 | 10 Slovenia | 1.5 | 2023 | +6.81% | +0.95% | View data |
