In 2023, Latvia leads with a turnover index value of 27.68, ahead of Macedonia and Lithuania. Over 2022, Latvia saw the highest growth at 18.61%, marking substantial progress within the industry. Notable advancements were also observed in Macedonia and Lithuania, with 14.58% and 17.92% growth, respectively. Countries like Germany and France showed more modest gains, with increases below 6%. Hungary, uniquely, reported a negative growth of 0.85%, indicating industry struggles.
And looking to the future, expect advancements in sustainable chemistry and shifting regulatory mandates across Europe, impacting indices due to natural resource innovations and evolving environmental policies.
Top countries in Chemical Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 276.8 | 2022 | +16.55% | +18.61% | View data |
| 2 | 2 Macedonia | 235.6 | 2022 | +24% | +14.58% | View data |
| 3 | 3 Lithuania | 223.2 | 2022 | +4.25% | +17.92% | View data |
| 4 | 4 Romania | 213.2 | 2022 | +14.32% | +13.3% | View data |
| 5 | 5 Poland | 205.4 | 2022 | +40.11% | +14.32% | View data |
| 6 | 6 Greece | 187 | 2022 | +33.1% | +12.24% | View data |
| 7 | 7 Norway | 173.6 | 2022 | +36.26% | +11.49% | View data |
| 8 | 8 Belgium | 167.2 | 2022 | +24.4% | +9.63% | View data |
| 9 | 9 Denmark | 157.6 | 2022 | +25.58% | +6.77% | View data |
| 10 | 10 Czech Republic | 154.1 | 2022 | +23.97% | +7.61% | View data |
