In 2023, France led in European value added of air and spacecraft and related machinery with €18.6 billion, followed by Germany at €12.7 billion. Notable lower contributions came from Belgium (€0.934 billion), the Netherlands (€0.31 billion), Greece (€0.10267 billion), Slovenia (€0.01476 billion), and Slovakia (€0.00701 billion). The year-on-year variations in 2023 highlighted moderate growth in major players—France (3.65%) and Germany (3.83%), while the Netherlands experienced a slight decline (-1.42%). Smaller markets showed mixed growth with Slovenia outperforming (5.01%).
Future trends to watch for in European value added of air and spacecraft and related machinery include:
• Continued innovation and investment in green aviation technologies, particularly in France and Germany.
• Potential growth in smaller markets like Slovenia with a consistent annual growth rate.
• Impact of geopolitical developments and economic policies on production and exports within the EU.
Top countries in Value Added of Air and Spacecraft and Related Machinery by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 18,600 | 2023 | +3.13% | +3.65% | View data |
| 2 | 2 Germany | 12,700 | 2023 | +2.48% | +3.83% | View data |
| 3 | 3 Belgium | 934 | 2023 | +2.22% | +3.57% | View data |
| 4 | 4 Netherlands | 310 | 2023 | -0.64% | -1.42% | View data |
| 5 | 5 Greece | 102.67 | 2023 | -1.63% | +2.99% | View data |
| 6 | 6 Slovenia | 14.76 | 2023 | +3.79% | +5.01% | View data |
| 7 | 7 Slovakia | 7.01 | 2023 | +1.83% | +1.81% | View data |
