In 2023, Italy led the European sold production of synthetic rubber (excluding latex), reaching 1.1275 billion euros, followed by Germany and France. Despite Italy's strong performance with a 4.94% year-on-year increase, Germany's growth was modest at 1.5%. France faced a decline of 2.84%, while the UK and Spain also recorded decreases. Smaller producers like Finland and Denmark showed notable improvements, with growth rates over 4%. Over the past five years, growth trends have been variable across the region, with more significant growth in lesser producers like Finland and Denmark.
Future trends to watch include potential shifts in production due to economic and environmental policies, technological advancements in synthetic rubber, and competitive dynamics across Europe's industrial sectors. These factors could significantly shape the landscape of synthetic rubber production in the coming years.
Top countries in Sold Production of Synthetic Rubber (Excluding Latex) by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,127,500,000 | 2023 | +7.36% | +4.94% | View data |
| 2 | 2 Germany | 693,100,000 | 2023 | +8.08% | +1.5% | View data |
| 3 | 3 France | 673,560,000 | 2023 | +3.52% | -2.84% | View data |
| 4 | 4 United Kingdom | 344,680,000 | 2023 | +0.28% | -1.96% | View data |
| 5 | 5 Czechia | 316,620,000 | 2023 | |||
| 6 | 6 Spain | 214,190,000 | 2023 | +4.39% | -2.23% | View data |
| 7 | 7 Finland | 2,541,400 | 2023 | +18.98% | +4.43% | View data |
| 8 | 8 Denmark | 2,510,300 | 2023 | +15.28% | +4.5% | View data |
| 9 | 9 Hungary | 732,430 | 2023 | +6.72% | +1.88% | View data |
