In 2023, Romania led the European market in sold production of motor vehicles electrical and electronic equipment by a significant margin, despite a slight decline of 0.62%. Austria displayed a positive trend with a 3.3% increase, while Estonia registered the highest surge at 46.46%. Serbia and Macedonia showed notable growth around 7%, with Poland also up by 1.23%. On the contrary, Hungary and Germany experienced declines of 5.78% and 5.87%, respectively. Italy's production jumped significantly by 22.37%. Meanwhile, the UK, Croatia, and Portugal witnessed declines, with Croatia experiencing the steepest drop of 11.9%.
Future trends to watch:
- Continued technological advancements may shift production focus, potentially benefiting countries with growing industries, like Estonia and Italy.
- The demand for electric vehicles could influence production locations, with environmental policies and infrastructure capabilities playing pivotal roles.
- Ongoing economic and geopolitical developments may affect trade relations and production allocations across Europe.
Top countries in Sold Production of Motor Vehicles Electrical and Electronic Equipment Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 27.77 | 2023 | +1.45% | -0.62% | View data |
| 2 | 2 Austria | 8.03 | 2023 | +7.26% | +3.3% | View data |
| 3 | 3 Hungary | 6.93 | 2023 | -0.61% | -5.78% | View data |
| 4 | 4 Serbia | 6.88 | 2023 | +5.55% | +7.31% | View data |
| 5 | 5 Macedonia | 6.46 | 2023 | +6.51% | +7.27% | View data |
| 6 | 6 Estonia | 6.36 | 2023 | +8.65% | +46.46% | View data |
| 7 | 7 Poland | 6.18 | 2023 | -1.55% | +1.23% | View data |
| 8 | 8 France | 5.37 | 2023 | +2.54% | -1.43% | View data |
| 9 | 9 Czechia | 4.86 | 2023 | |||
| 10 | 10 Germany | 4.81 | 2023 | +0.26% | -5.87% | View data |
