In 2023, Germany led the European chemicals manufacturing sector with a value of 51.39 billion Euros, showing a modest growth of 2.08% year-on-year. Netherlands experienced a slight decline of 0.023%. Belgium and Spain showed incremental growth of 0.94% and 0.82% respectively. Finland saw a notable increase of 3.91%, while Portugal led the growth trend with a 4.6% rise. Lithuania surged by 10.08%, Greece by 1.19%, and Slovenia and Estonia increased by 5.38% and 1.62% respectively, indicating a robust progress in smaller markets.
Future trends to watch for include:
- The continued dominance of Germany in the market, potentially bolstered by further technological advancements and policy support.
- Persistent growth in smaller markets driven by increasing industrial diversification and investment.
- Potential impacts of regulatory changes and sustainability initiatives within the EU that could influence manufacturing processes and economic outputs.
- Shifts in global supply chains and trade dynamics that may affect raw material availability and pricing, influencing the sector's growth trajectory.
Top countries in Value Added of Chemicals Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51,390 | 2023 | +1.67% | +2.08% | View data |
| 2 | 2 Netherlands | 12,000 | 2023 | +1.61% | -0.023% | View data |
| 3 | 3 Belgium | 9,640 | 2023 | +1.71% | +0.94% | View data |
| 4 | 4 Spain | 9,200 | 2023 | -0.66% | +0.82% | View data |
| 5 | 5 Finland | 2,970 | 2023 | +3.49% | +3.91% | View data |
| 6 | 6 Portugal | 1,020 | 2023 | +2.26% | +4.6% | View data |
| 7 | 7 Lithuania | 1,010 | 2023 | +3.24% | +10.08% | View data |
| 8 | 8 Greece | 903.73 | 2023 | +0.93% | +1.19% | View data |
| 9 | 9 Slovenia | 504.55 | 2023 | +2.6% | +5.38% | View data |
| 10 | 10 Estonia | 134.44 | 2023 | +2.6% | +1.62% | View data |
