In 2023, Italy dominated the European sold production of outer soles and heels of plastics, holding the largest share, despite a decline of 6.35% from the previous year. Germany and Spain also had significant shares, with Germany experiencing a modest increase of 2.65% and Spain a slight rise of 0.69%. Notably, Portugal and Romania showed positive growth, albeit with smaller overall shares, at 2.83% and 1.57% respectively. Conversely, Greece and Estonia faced notable declines, with a year-on-year decrease of 14.1% and 16.3% respectively. Over a five-year period, these markets have seen varying levels of growth and contraction, reflecting shifting dynamics in the sector.
Looking forward, the European market's sold production of outer soles and heels of plastics may see further consolidation, with Italy potentially maintaining its lead. However, there might be emerging opportunities for growth in Germany and Spain due to their relatively stable increases. Moreover, technological advancements and sustainability trends could reshape the industry landscape, encouraging innovation in production processes across Europe.
Top countries in Sold Production of Outer Soles and Heels of Plastics Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 70.16 | 2023 | +11.64% | -6.35% | View data |
| 2 | 2 Germany | 9.25 | 2023 | +9.46% | +2.65% | View data |
| 3 | 3 Spain | 8.98 | 2023 | +7.36% | +0.69% | View data |
| 4 | 4 Poland | 4.11 | 2023 | -0.98% | -3.01% | View data |
| 5 | 5 Portugal | 2.26 | 2023 | +2.82% | +2.83% | View data |
| 6 | 6 Romania | 2.13 | 2023 | -1.57% | +1.57% | View data |
| 7 | 7 Czechia | 0.92 | 2023 | |||
| 8 | 8 Greece | 0.24 | 2023 | -4.44% | -14.1% | View data |
| 9 | 9 Estonia | 0.02 | 2023 | +12.26% | -16.3% | View data |
