In 2023, Germany led European production of tubes, pipes, and hoses of vulcanised rubber with a 30.29% market share, marking a modest growth of 1.09% year-on-year. Italy, with a 15.17% share, showed a substantial increase of 4.43%. Bulgaria indicated a strong performance with a 7.11% growth rate, while Slovakia and Serbia marked significant increases at 54.46% and 71.42%, respectively. In contrast, the United Kingdom (-2.59%), Spain (-1.23%), Portugal (-10.03%), and Denmark (-27.3%) experienced declines. Although France held a steady share of 5.78%, Poland emerged with a notable 5.84% growth.
The future of European sold production of these rubber products will likely be influenced by strengthening automotive and construction sectors, technological advancements in production efficiency, and potential shifts in regulatory frameworks focusing on sustainability. Countries with smaller shares showing high growth, such as Slovakia and Serbia, could emerge as notable players if they sustain their growth momentum. Monitoring these underlying factors will be crucial for assessing the industry's trajectory in upcoming years.
Top countries in Sold Production of Tubes, Pipes and Hoses, of Vulcanised Rubber Other than Hard Rubber Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.29 | 2023 | +5.55% | +1.09% | View data |
| 2 | 2 Italy | 15.17 | 2023 | +5.93% | +4.43% | View data |
| 3 | 3 United Kingdom | 8.24 | 2023 | -1.22% | -2.59% | View data |
| 4 | 4 Bulgaria | 7.67 | 2023 | +5.26% | +7.11% | View data |
| 5 | 5 Czechia | 7.56 | 2023 | |||
| 6 | 6 Hungary | 7.4 | 2023 | +2.85% | +1.73% | View data |
| 7 | 7 France | 5.78 | 2023 | +4.43% | +0.65% | View data |
| 8 | 8 Romania | 5.76 | 2023 | +4.67% | +4.03% | View data |
| 9 | 9 Poland | 4.06 | 2023 | +4.1% | +5.84% | View data |
| 10 | 10 Spain | 3.43 | 2023 | +6.85% | -1.23% | View data |
