In 2023, Italy led Europe's rubber and plastics manufacturing with a Gross Value Added of 13.2 billion euros, though it experienced a slight decline of 0.51%. France followed with 11.69 billion euros and a 0.47% growth. Noteworthy growth was seen in Ireland and Portugal, which expanded by 8.54% and 4.08% respectively. On the smaller scale, Latvia demonstrated remarkable growth at 7.46%, despite its smaller market size of 0.11205 billion euros.
Looking ahead, potential trends in European rubber and plastics manufacturing may include increased innovation in sustainable materials and recycling technologies, driven by tighter environmental regulations. Furthermore, Eastern Europe could see continued growth and investment, fueled by competitive manufacturing costs and expanding regional markets.
Top countries in Rubber and Plastics Products Manufacturing Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 13,200 | 2023 | +1.03% | -0.51% | View data |
| 2 | 2 France | 11,690 | 2023 | +3.05% | +0.47% | View data |
| 3 | 3 Netherlands | 3,600 | 2023 | +1.47% | +3.36% | View data |
| 4 | 4 Austria | 2,640 | 2023 | +1.49% | +0.82% | View data |
| 5 | 5 Portugal | 1,580 | 2023 | +2.98% | +4.08% | View data |
| 6 | 6 Slovakia | 1,540 | 2023 | +2.56% | +3.23% | View data |
| 7 | 7 Finland | 1,180 | 2023 | +1.46% | +1.9% | View data |
| 8 | 8 Ireland | 935.18 | 2023 | +7.32% | +8.54% | View data |
| 9 | 9 Lithuania | 553.02 | 2023 | +3.33% | +3.05% | View data |
| 10 | 10 Latvia | 112.05 | 2023 | +3.13% | +7.46% | View data |
