Lithuania's rubber products manufacturing index showed robust growth, recording a significant year-on-year increase of over 54% in 2022, resulting in a strong value of 71.15 in 2024. Contrastingly, Italy, Spain, France, Germany, and Greece experienced declines or marginal growths in the same period. Italy and Spain managed to maintain stable indices despite minor fluctuations. In contrast, France, Germany, and Greece faced sharper declines ranging from -4.73% to -7.62% in 2022, correlating with their lower 2024 index values of 7.87, 7.78, and 3.93 respectively, indicating challenges in their manufacturing sectors over the last five years.
Looking ahead, the European rubber products manufacturing sector may witness:
- Potential growth in Eastern European countries due to increasing investments and expansions.
- Technological advances boosting efficiency and output in stagnant regions.
- Changes in trade dynamics and raw material availability impacting production across Europe.
- Increased focus on sustainable and eco-friendly manufacturing practices.
Top countries in Rubber Products Manufacturing Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 711.5 | 2022 | +221.8% | +54.75% | View data |
| 2 | 2 Italy | 106.8 | 2022 | -4.3% | -0.84% | View data |
| 3 | 3 Spain | 106.4 | 2022 | -1.48% | +0.094% | View data |
| 4 | 4 France | 78.7 | 2022 | -2.48% | -4.73% | View data |
| 5 | 5 Germany | 77.8 | 2022 | -8.47% | -4.97% | View data |
| 6 | 6 Greece | 39.3 | 2022 | -20.45% | -7.62% | View data |
