Germany leads the European rubber and plastic products manufacturing sector with a turnover of 99.81 billion euros in 2023, showing a 0.17% increase. Italy and France follow, although both saw declines, with Italy down by 0.23% and France by 0.29%. The UK, Poland, and Romania show notable growth, Poland with an impressive 2.83%, and Romania at 3.97%. Emerging markets like Serbia and Bosnia and Herzegovina also exhibit robust growth, recording an increase of 11.01% and 7.79% respectively. Sweden and Portugal showed modest increases, while a few countries like Spain and Greece experienced downturns.
Looking ahead, trends in sustainability and innovation are likely to shape the industry. Countries focusing on green manufacturing and advanced materials technology are poised to perform well. Central and Eastern European countries could continue their growth trajectory due to lower production costs and increasing foreign investments. Monitoring shifts in global trade policies and regional economic conditions will be crucial for future strategy development.
Top countries in Rubber and Plastic Products Manufacturing Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 99,810 | 2023 | +1.53% | +0.17% | View data |
| 2 | 2 Italy | 46,540 | 2023 | +0.88% | -0.23% | View data |
| 3 | 3 France | 38,940 | 2023 | +3.68% | -0.29% | View data |
| 4 | 4 United Kingdom | 28,430 | 2023 | +0.14% | +0.47% | View data |
| 5 | 5 Poland | 28,210 | 2023 | +3.96% | +2.83% | View data |
| 6 | 6 Spain | 19,050 | 2023 | -1.73% | -2.52% | View data |
| 7 | 7 Czech Republic | 13,140 | 2023 | +2.23% | +0.77% | View data |
| 8 | 8 Netherlands | 10,650 | 2023 | +1.71% | +1.01% | View data |
| 9 | 9 Belgium | 8,570 | 2023 | +0.69% | +1.03% | View data |
| 10 | 10 Austria | 7,710 | 2023 | +1.69% | -0.16% | View data |
