Industry Statistics and Trends
Metal & Metal Ore Wholesaling in Europe key trends
Construction and manufacturing output drives revenue.
A drop in demand in the construction and manufacturing sectors dents demand for structural metals like steel.
The transition to net zero creates opportunities for wholesalers.
‘Green’ metals will be central to the growth of wholesalers as companies seek to meet decarbonisation targets, with demand for metals like lithium likely to continue to grow rapidly.
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Metal & Metal Ore Wholesaling in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Metal & Metal Ore Wholesaling in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 3.5 % over the past five years, to reach an estimated €283.4bn in 2024.
Trends and Insights
Pockets of strong demand limit revenue decline in 2023
- The Swiss-headquartered company Glencore reported in its 2023 half-year report that sales of silver, zinc and aluminium fell by 27%, 8% and 8%, respectively.
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Metal & Metal Ore Wholesaling in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
The shift to net zero will boost demand for 'green' metals
- Green metals refer to a group of metals that are crucial for the development of clean energy technologies and infrastructure, which will help achieve net-zero emission goals by providing an alternative to fossil fuels.
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Revenue
€283.4bn
Employees
505k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Metal & Metal Ore Wholesaling in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
ArcelorMittal SA | 76,351.8 | 10,003.2 | 13.1 | |
Glencore plc | 236,429.0 | 21,421.1 | 9.1 | |
Trafigura Ltd | 286,760.5 | 11,470.4 | 4.0 |
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Metal & Metal Ore Wholesaling in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Metal & Metal Ore Wholesaling industry in Europe in 2024?
The market size of the Metal & Metal Ore Wholesaling industry in Europe is €283.4bn in 2024.
How many businesses are there in the Metal & Metal Ore Wholesaling in Europe industry in 2024?
There are 72,959 businesses in the Metal & Metal Ore Wholesaling industry in Europe, which has grown at a CAGR of 14.8 % between 2019 and 2024.
Has the Metal & Metal Ore Wholesaling industry in Europe grown or declined over the past 5 years?
The market size of the Metal & Metal Ore Wholesaling industry in Europe has been declining at a CAGR of 3.5 % between 2019 and 2024.
What is the forecast growth of the Metal & Metal Ore Wholesaling industry in Europe over the next 5 years?
Over the next five years, the Metal & Metal Ore Wholesaling industry in Europe is expected to grow.
What does the Metal & Metal Ore Wholesaling in Europe include?
Ferrous metals and Non-ferrous metals are part of the Metal & Metal Ore Wholesaling industry.
Which countries have the most businesses in the Metal & Metal Ore Wholesaling industry in Europe?
The European country with the most businesses in the Metal & Metal Ore Wholesaling industry is Russia.
How competitive is the Metal & Metal Ore Wholesaling industry in Europe?
The level of competition is moderate and steady in the Metal & Metal Ore Wholesaling industry in Europe.
Related Industries
This industry is covered in 37 countries
- Metal & Metal Ore Wholesaling in Greece
- Metal & Metal Ore Wholesaling in Romania
- Metal & Metal Ore Wholesaling in Norway
- Metal & Metal Ore Wholesaling in Poland
- Metal & Metal Ore Wholesaling in Ireland
- Metal & Metal Ore Wholesaling in Estonia
- Metal & Metal Ore Wholesaling in Iceland
- Metal & Metal Ore Wholesaling in Europe
- Metal & Metal Ore Wholesaling in Luxembourg
- Metal & Metal Ore Wholesaling in Russia
- Metal & Metal Ore Wholesaling in Slovakia
- Metal & Metal Ore Wholesaling in Italy
- Metal & Metal Ore Wholesaling in Sweden
- Metal & Metal Ore Wholesaling in Turkey
- Metal & Metal Ore Wholesaling in Cyprus
- Metal & Metal Ore Wholesaling in Latvia
- Metal & Metal Ore Wholesaling in Austria
- Metal & Metal Ore Wholesaling in France
- Metal & Metal Ore Wholesaling in Lithuania
- Metal & Metal Ore Wholesaling in the Netherlands
- Metal & Metal Ore Wholesaling in Finland
- Metal & Metal Ore Wholesaling in Croatia
- Metal & Metal Ore Wholesaling in Slovenia
- Metal & Metal Ore Wholesaling in Bulgaria
- Metal & Metal Ore Wholesaling in Spain
- Metal & Metal Ore Wholesaling in Portugal
- Metal & Metal Ore Wholesaling in Serbia
- Metal & Metal Ore Wholesaling in Belgium
- Metal & Metal Ore Wholesaling in Hungary
- Metal & Metal Ore Wholesaling in Czechia
- Metal & Metal Ore Wholesaling in Denmark
- Metal & Metal Ore Wholesaling in Malta
- Metal & Metal Ore Wholesaling in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Firms operating in the industry wholesale ferrous and non-ferrous metals and ores. They also wholesale semi-finished metal products, gold and other precious metals. Industry activities also include value-added services, including cutting and shaping of metal products.
Related Terms
Metal OreIngotNon-FerrousWhat's included in this industry?
Ferrous metalsNon-ferrous metalsPrecious metals and other metalsMetal oresCompanies
ArcelorMittal SAGlencore plcTrafigura LtdIndustry Code
4662 - Wholesale of metals and metal ores in Europe
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Performance
Key Takeaways
Pockets of strong demand limit revenue decline in 2023
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Metal & Metal Ore Wholesaling in Europe industry (2011 -2029)
- Employees in the Metal & Metal Ore Wholesaling in Europe industry (2011 -2029)
- Business in the Metal & Metal Ore Wholesaling in Europe industry (2011 -2029)
- Profit in the Metal & Metal Ore Wholesaling in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Metal & Metal Ore Wholesaling in Europe industry?
Outlook
Analysis
What's driving the Metal & Metal Ore Wholesaling in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Metal & Metal Ore Wholesaling in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Metal & Metal Ore Wholesaling in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Specific metals have substantial roles to play in decarbonisation. Metals like lithium, which are crucial in the manufacture of batteries for electric vehicles, are growing heavily in demand.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Metal & Metal Ore Wholesaling in Europe industry's products and services performing?
Analysis
What are innovations in the Metal & Metal Ore Wholesaling in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Metal & Metal Ore Wholesaling in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Only a couple of wholesalers boast a significant market share. Glencore and ArcelorMittal are the only companies with an estimated market share of over 5%, although there are likely to be significant regional variations.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for ArcelorMittal SA
- Countries of operation for Glencore plc
- Countries of operation for Trafigura Ltd
- Countries of operation for Heraeus Holding GmbH
- Countries of operation for Voestalpine AG
- Countries of operation for Riva Forni Elettrici SpA
- Countries of operation for Salzgitter AG
- Countries of operation for Stemcor Holdings 2 Ltd
- Countries of operation for Barrett Steel Ltd
- Countries of operation for Metalloinvest MC LLC
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Sustainable products and ethical sourcing make up primary regulatory concerns. In most European countries, regulation is tightening on carbon emissions, resource extraction and recycling, forcing wholesalers to source and supply metals with certifications.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Metal & Metal Ore Wholesaling in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit is dented by adapting to the green transition. Wholesalers are finding that profit is taking a short term beating as operations are adjusted to meet the demand for green metals, with hefty costs associated with compliance.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Metal & Metal Ore Wholesaling in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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