In 2023, Germany led European production of moulded rubber articles for vehicles at 452.14 million euros, despite a slight decrease of 1.31%. Poland and Romania saw growth at 3.38% and 4.64% respectively. Spain and Italy experienced declines, with Italy falling sharply by 11.35%. France showed a minor decrease at 1.08%. Other countries had less significant variations, with Finland posting a 6.28% growth. Over five years, trends reveal mixed stability, with varying annual growth rates across countries, often reflecting regional industry dynamics and economic conditions.
Future trends to watch include technological advancements in rubber materials, evolving automotive standards, and sustainability-driven changes in production. Countries with the capacity for innovation, like Germany and Poland, may strengthen market positions. Additionally, external factors such as policy changes and market demand shifts in the automotive sector could influence production volumes.
Top countries in Sold Production of Moulded Rubber Articles for Tractors and Motor Vehicles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 452,140,000 | 2023 | +4.01% | -1.31% | View data |
| 2 | 2 Poland | 250,700,000 | 2023 | +3.09% | +3.38% | View data |
| 3 | 3 Czechia | 223,490,000 | 2023 | |||
| 4 | 4 Spain | 193,560,000 | 2023 | +3.8% | -0.012% | View data |
| 5 | 5 Italy | 175,900,000 | 2023 | -5.97% | -11.35% | View data |
| 6 | 6 France | 157,980,000 | 2023 | +9.27% | -1.08% | View data |
| 7 | 7 Portugal | 102,140,000 | 2023 | +4.05% | -0.98% | View data |
| 8 | 8 Romania | 84,664,000 | 2023 | +4.74% | +4.64% | View data |
| 9 | 9 Austria | 42,894,000 | 2023 | +3.01% | +0.084% | View data |
| 10 | 10 Sweden | 42,066,000 | 2023 | +8.6% | -0.22% | View data |
