In 2023, Germany led the European Rubber Products Manufacturing sector with a production value of €17.75 billion, despite a 0.49% decrease from the previous year. Italy followed with €11.03 billion, marking a 0.35% increase. France secured third place with €7.94 billion, experiencing a 1.17% growth. Noteworthy trends include substantial increases in Poland (2.67%), Czech Republic (1.31%), and Hungary (2.1%). Germany, United Kingdom, Sweden, and Belgium faced declines, with Belgium seeing the steepest decrease at 9.95%. Smaller markets like Cyprus and Iceland also contracted significantly by 12.94% and 9.64%, respectively. Over the last five years, Slovakia and Serbia achieved the most notable growth with CAGRs reflecting robust expansion.
The future trends in European Rubber Products Manufacturing Production Value point to steady growth driven by Poland, Romania, and Hungary, reflective of strong Eastern European market potential. Conversely, Western European countries like Germany and Belgium might see slower increments. Sustainability and innovation in rubber product manufacturing, as well as geopolitical stability, will be critical factors shaping the market.
Top countries in Rubber Products Manufacturing Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17,750 | 2023 | +5.15% | -0.49% | View data |
| 2 | 2 Italy | 11,030 | 2023 | +1.63% | +0.35% | View data |
| 3 | 3 France | 7,940 | 2023 | +17.71% | +1.17% | View data |
| 4 | 4 Poland | 5,410 | 2023 | +5.75% | +2.67% | View data |
| 5 | 5 Spain | 4,970 | 2023 | +4.35% | +0.14% | View data |
| 6 | 6 Czech Republic | 4,390 | 2023 | +4.51% | +1.31% | View data |
| 7 | 7 United Kingdom | 3,080 | 2023 | -2.36% | -1.46% | View data |
| 8 | 8 Hungary | 2,800 | 2023 | +4.34% | +2.1% | View data |
| 9 | 9 Romania | 2,750 | 2023 | +6.06% | +2.44% | View data |
| 10 | 10 Slovakia | 2,710 | 2023 | +8.33% | +5.62% | View data |
