In 2023, Sweden led the European iron domestic extraction with 39.76 million metric tons, showing a modest increase of 2.14% from the previous year. Austria followed, with a notable 6.52% rise. Norway's production grew by 2.44%, while Bosnia and Herzegovina and Germany recorded increases of 2.7% and 3.56%, respectively. Albania posted a significant growth rate of 5.8%. Meanwhile, Portugal saw no change, and France's output grew by 5.08%. Italy observed no variation. These trends reflect efforts to stabilize production across Europe.
Looking ahead, watch for technological advancements in extraction methods and environmental regulations that may influence production volumes. Countries like Sweden may continue to lead, while nations like Austria and Germany could see more significant growth, spurred by innovation and investment in sustainable practices.
Top countries in Iron Domestic Extraction by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 39,760 | 2023 | +2.08% | +2.14% | View data |
| 2 | 2 Austria | 4,620 | 2023 | +2.6% | +6.52% | View data |
| 3 | 3 Norway | 2,030 | 2023 | +12.56% | +2.44% | View data |
| 4 | 4 Bosnia and Herzegovina | 1,770 | 2023 | +3.84% | +2.7% | View data |
| 5 | 5 Germany | 617.16 | 2023 | +2.72% | +3.56% | View data |
| 6 | 6 Albania | 508.27 | 2023 | +2.49% | +5.8% | View data |
| 7 | 7 Spain | 144.35 | 2021 | View data | ||
| 8 | 8 Portugal | 62.33 | 2023 | +29.44% | View data | |
| 9 | 9 France | 29.62 | 2023 | +11.11% | +5.08% | View data |
| 10 | 10 Italy | 21.93 | 2023 | +3.88% | View data |
