Germany leads in European sold production of iron, steel, and ferro-alloys with 33.171 billion kg, despite a slight decline (-1.08%) in 2023. Italy shows strong growth at 2.58%, closely following Germany. Spain and Poland also experience upward trends with 1.72% and 2.01% growth, respectively. Notably, Austria, Belgium, and Sweden exhibit remarkable increases, with Austria leading at 12.74%, Belgium almost doubling its production in 2023, and Sweden growing by over 31%. Conversely, Romania, Croatia, and Norway have negative growth rates, with Estonia facing the steepest decline at -34.15%.
Future trends to watch include potential consolidation in markets with declining production, like Estonia and Norway, as well as opportunities for expansion in growing markets such as Belgium, given its substantial growth in 2023. Observing changes in sustainable production technologies in line with climate policies could also impact future production dynamics across Europe. Monitoring emerging markets and shifts in demand will be crucial for strategic decision-making.
Top countries in Sold Production of Iron, Steel and Ferro-Alloys by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33,171,000,000 | 2023 | +1.64% | -1.08% | View data |
| 2 | 2 Italy | 31,950,000,000 | 2023 | +7.2% | +2.58% | View data |
| 3 | 3 Spain | 11,559,000,000 | 2023 | +12.19% | +1.72% | View data |
| 4 | 4 Poland | 9,565,400,000 | 2023 | +2.57% | +2.01% | View data |
| 5 | 5 France | 5,190,300,000 | 2023 | +19.31% | +4.06% | View data |
| 6 | 6 Finland | 3,132,300,000 | 2023 | +5.51% | +3.01% | View data |
| 7 | 7 Hungary | 2,920,500,000 | 2023 | +4.88% | +5.25% | View data |
| 8 | 8 Austria | 2,738,300,000 | 2023 | +6.13% | +12.74% | View data |
| 9 | 9 Czechia | 2,500,700,000 | 2023 | |||
| 10 | 10 Slovakia | 2,086,800,000 | 2023 | +5.77% | +4.98% | View data |
