In 2023, Germany led European chemical and pharmaceutical production with volumes at 45.72 million euros, followed by Italy and the Netherlands. Year-on-year analysis shows Germany's slight increase of 0.33%, while the Netherlands and Belgium saw more significant growths at 1.21% and 1.94% respectively. Notably, Greece experienced the highest growth rate of 3.13%. Conversely, Italy and Estonia saw declines of 0.26% and 0.017% respectively. Over the last five years, the compound annual growth rate (CAGR) reveals Austria, at nearly 2%, outpacing other countries indicating a consistent upward trend.
Future trends to watch include Germany's ability to maintain its lead while emerging economies like Greece and Slovenia exploit growth opportunities. Additionally, Brexit's aftermath, EU regulations, and global economic shifts will influence these markets significantly, impacting trade dynamics and production volumes in the European chemical and pharmaceutical industries.
Top countries in Production Volumes of Chemical and Pharmaceutical Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.72 | 2023 | +0.79% | +0.33% | View data |
| 2 | 2 Italy | 18.13 | 2023 | +0.31% | -0.26% | View data |
| 3 | 3 Netherlands | 13.76 | 2023 | +1.43% | +1.21% | View data |
| 4 | 4 Belgium | 12.82 | 2023 | +1.37% | +1.94% | View data |
| 5 | 5 Austria | 4.62 | 2023 | +1.88% | +1.97% | View data |
| 6 | 6 Finland | 2.62 | 2023 | +1.61% | +1.82% | View data |
| 7 | 7 Greece | 1.23 | 2023 | +1.69% | +3.13% | View data |
| 8 | 8 Slovenia | 0.86 | 2023 | +1.41% | +1.4% | View data |
| 9 | 9 Luxembourg | 0.12 | 2023 | +2.25% | +2.07% | View data |
| 10 | 10 Estonia | 0.11 | 2023 | +0.17% | -0.017% | View data |
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