| Product Code: ETC5376613 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The metal forging import shipments to North Macedonia saw a shift in concentration levels from high to low in 2024, indicating a more diversified import market for the country. Despite a challenging CAGR of -22.61% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -40.59%. Top exporting countries such as China, Spain, Bulgaria, Turkey, and Serbia continue to play a crucial role in supplying metal forging products to North Macedonia, highlighting the importance of maintaining strong trade relationships with these key partners.

The Metal Forging market in North Macedonia is projected to grow at a stable growth rate of 3.58% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia Metal Forging Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Metal Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Metal Forging Market - Industry Life Cycle |
3.4 Republic of Macedonia Metal Forging Market - Porter's Five Forces |
3.5 Republic of Macedonia Metal Forging Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Republic of Macedonia Metal Forging Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Republic of Macedonia Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in automotive and aerospace industries leading to increased demand for metal forgings |
4.2.2 Technological advancements in metal forging processes improving efficiency and quality |
4.2.3 Government initiatives to support the manufacturing sector in Macedonia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from other manufacturing methods such as casting and machining |
5 Republic of Macedonia Metal Forging Market Trends |
6 Republic of Macedonia Metal Forging Market Segmentations |
6.1 Republic of Macedonia Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Metal Forging Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.1.3 Republic of Macedonia Metal Forging Market Revenues & Volume, By Alloy steel, 2021-2031F |
6.1.4 Republic of Macedonia Metal Forging Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.5 Republic of Macedonia Metal Forging Market Revenues & Volume, By Magnesium, 2021-2031F |
6.1.6 Republic of Macedonia Metal Forging Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.7 Republic of Macedonia Metal Forging Market Revenues & Volume, By Titanium, 2021-2031F |
6.2 Republic of Macedonia Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Metal Forging Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Republic of Macedonia Metal Forging Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Republic of Macedonia Metal Forging Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Republic of Macedonia Metal Forging Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Republic of Macedonia Metal Forging Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.7 Republic of Macedonia Metal Forging Market Revenues & Volume, By Others, 2021-2031F |
7 Republic of Macedonia Metal Forging Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Metal Forging Market Export to Major Countries |
7.2 Republic of Macedonia Metal Forging Market Imports from Major Countries |
8 Republic of Macedonia Metal Forging Market Key Performance Indicators |
8.1 Percentage increase in new product development projects related to metal forgings |
8.2 Adoption rate of advanced forging technologies in the market |
8.3 Number of government grants or incentives received by metal forging companies for expansion or modernization efforts |
9 Republic of Macedonia Metal Forging Market - Opportunity Assessment |
9.1 Republic of Macedonia Metal Forging Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Republic of Macedonia Metal Forging Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Republic of Macedonia Metal Forging Market - Competitive Landscape |
10.1 Republic of Macedonia Metal Forging Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |