In 2023, China's R&D expenditure in the manufacture of wood, paper, printing, and reproduction led globally at 74.2 million USD PPP, showing a strong growth trend with a 4.73% year-on-year increase. The United States followed with 13.6 million, up 2.75%. Smaller markets like Israel and Lithuania saw the highest growth rates of 20.63% and 25.69%, respectively, pointing to emerging R&D investments in these countries. Overall, most markets showed positive year-on-year increases, with notable exceptions like Mexico, which saw a decline of 1.2%.
Future trends to watch include China's continued dominance and potential growth in smaller economies like Israel and Lithuania, which could shift market dynamics. As technology advances and sustainability becomes a focal point, R&D investments might diversify across innovative sectors within this industry.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Wood, Paper, Printing and Reproduction Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 74.2 | 2023 | +5.68% | +4.73% | View data |
| 2 | 2 United States | 13.6 | 2023 | +0.83% | +2.75% | View data |
| 3 | 3 Germany | 2.95 | 2023 | +1.58% | +0.6% | View data |
| 4 | 4 Canada | 2.59 | 2023 | +0.89% | +1.44% | View data |
| 5 | 5 South Korea | 2.4 | 2023 | +5.33% | +4.61% | View data |
| 6 | 6 Poland | 1.1 | 2023 | +10.9% | +4.81% | View data |
| 7 | 7 United Kingdom | 1.04 | 2023 | +3.87% | +3.67% | View data |
| 8 | 8 Spain | 0.78 | 2023 | +3.42% | +3.69% | View data |
| 9 | 9 Taiwan | 0.42 | 2023 | +4.32% | +3.6% | View data |
| 10 | 10 Norway | 0.39 | 2023 | +2.87% | +3.48% | View data |
