The European chemical manufacturing sector showed varied outputs among countries in 2023. Germany dominates with an output of 146.9 billion euros, while the Netherlands follows with 52.8 billion euros. Spain and Belgium contribute significantly with outputs of 35.72 and 30.78 billion euros, respectively. Over the past year, Germany saw a modest growth of 0.85%, and Greece experienced a noticeable increase at 1.64%. Conversely, Croatia and Spain faced declines of 4.88% and 2.64%, respectively. Over a five-year perspective, the compound annual growth rate reflects both resilience and challenges within the sector.
Looking ahead, future trends in the European chemicals manufacturing may be influenced by sustainability initiatives, technological advancements in production processes, and regulatory changes. Monitoring these factors will be key as they could significantly alter the competitive landscape and growth prospects across countries.
Top countries in Output of Chemicals Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 146,900 | 2023 | +0.82% | +0.85% | View data |
| 2 | 2 Netherlands | 52,800 | 2023 | +1.17% | -0.047% | View data |
| 3 | 3 Spain | 35,720 | 2023 | -2.88% | -2.64% | View data |
| 4 | 4 Belgium | 30,780 | 2023 | -0.29% | -1.37% | View data |
| 5 | 5 Austria | 14,280 | 2023 | +2.82% | +0.035% | View data |
| 6 | 6 Portugal | 4,800 | 2023 | +2.86% | -0.1% | View data |
| 7 | 7 Greece | 2,450 | 2023 | +0.83% | +1.64% | View data |
| 8 | 8 Slovenia | 1,420 | 2023 | +0.29% | +0.61% | View data |
| 9 | 9 Croatia | 533.3 | 2023 | -5.28% | -4.88% | View data |
| 10 | 10 Cyprus | 70.99 | 2023 | +1.37% | +1.4% | View data |
