Germany leads the European manufacturing production value share with 24.84 million euros, followed by France (11.63), Italy (11.46), and the United Kingdom (7.78). Germany saw a modest year-on-year growth of 0.16%, while France and the UK experienced higher growth at 0.68% and 0.4% respectively. Italy saw a decline of -0.78%. Switzerland exhibited robust growth at 3.29%, and Ireland saw a significant increase of 4.3%. On the other hand, Finland and Greece faced declines at -2.26% and -1.35% respectively, while Iceland saw a substantial drop of -16.88%. The next highest growing economies in this sector include Slovakia (1.99%) and Hungary (1.58%).
Future trends to watch include potential continued growth in countries like Ireland and Switzerland, driven by their robust year-on-year increases. Germany's dominant share will likely see steady yet moderate growth, while France and the UK are expected to maintain stable growth rates. Conversely, it will be essential to monitor the declining trends in countries like Finland and Greece, and the substantial drop experienced by Iceland, which could impact the overall regional performance. Additionally, emerging manufacturing hubs in Eastern Europe, such as Slovakia and Hungary, could reshuffle the production value landscape in the coming years.
Top countries in Manufacturing Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.84 | 2023 | +1.42% | +0.16% | View data |
| 2 | 2 France | 11.63 | 2023 | +3.54% | +0.68% | View data |
| 3 | 3 Italy | 11.46 | 2023 | +2.28% | -0.78% | View data |
| 4 | 4 United Kingdom | 7.78 | 2023 | +0.35% | +0.4% | View data |
| 5 | 5 Spain | 6.17 | 2023 | +1.05% | -0.49% | View data |
| 6 | 6 Switzerland | 4.47 | 2023 | +2.83% | +3.29% | View data |
| 7 | 7 Poland | 4.15 | 2023 | +2.64% | +1.5% | View data |
| 8 | 8 Netherlands | 4.01 | 2023 | +1.47% | -0.7% | View data |
| 9 | 9 Belgium | 3.3 | 2023 | +3.39% | +1.38% | View data |
| 10 | 10 Ireland | 3.28 | 2023 | +3.85% | +4.3% | View data |
