In 2023, Italy held the largest share in European sold production of thin-walled steel tubes and pipes, despite a decline by 1.49% from the previous year. Portugal showed significant growth with a 33.79% increase, positioning it as a strong competitor. Spain and Slovenia saw a decrease of 6.49% and 0.95%, respectively. Bulgaria witnessed a modest growth of 4.33%, while Hungary and Greece experienced slight positive changes. The variation signifies a dynamic market, where future production might focus on increased efficiency and innovation.
Looking ahead, notable trends to watch include the potential for renewable energy impact, supply chain optimization, and potential regulatory changes on steel production, which could influence production output across European countries.
Top countries in Sold Production of Tubes and Pipes, of Square or Rectangular Cross-Section, of a Wall Thickness Less than 2 Mm, Hot- or Cold-Formed and Welded of Steel Other than Stainless Steel Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 44.59 | 2023 | +12.33% | -1.49% | View data |
| 2 | 2 Portugal | 29.43 | 2023 | +29.34% | +33.79% | View data |
| 3 | 3 Spain | 11.02 | 2023 | -7.27% | -6.49% | View data |
| 4 | 4 Bulgaria | 4.6 | 2023 | +4.45% | +4.33% | View data |
| 5 | 5 Czechia | 4.42 | 2023 | |||
| 6 | 6 Hungary | 3.02 | 2023 | +1.19% | +0.23% | View data |
| 7 | 7 Greece | 1.54 | 2023 | +4.25% | +7.34% | View data |
| 8 | 8 Slovenia | 0.58 | 2023 | +6.81% | +0.95% | View data |
