In 2023, Italy led in the European Basic Pharmaceutical Products and Preparations Manufacturing GVA, amounting to 10.91 billion euros. Spain followed at 9.24 billion euros, showing a robust increase of 7.36% from the previous year. The Netherlands and Finland marked moderate growths at 3.77% and 1.89%, respectively. Greece and Portugal exhibited significant growth, with Greece increasing by 5.19% and Portugal by 7.47%. Smaller markets like Croatia, Latvia, and Lithuania showed vibrant dynamics, with Latvia standing out at a 13.3% increase.
Future trends to watch include investments in innovation and technology, shifts in regulatory frameworks, and potential impacts of macroeconomic factors, which may affect market dynamics across these countries. Monitoring these trends will be crucial for understanding long-term growth prospects in the pharmaceutical manufacturing sector within Europe.
Top countries in Basic Pharmaceutical Products and Preparations Manufacturing Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 10,910 | 2023 | +1.78% | +3.51% | View data |
| 2 | 2 Spain | 9,240 | 2023 | +2.24% | +7.36% | View data |
| 3 | 3 Netherlands | 3,150 | 2023 | +1.61% | +3.77% | View data |
| 4 | 4 Finland | 1,710 | 2023 | -0.41% | +1.89% | View data |
| 5 | 5 Greece | 965.35 | 2023 | +2.83% | +5.19% | View data |
| 6 | 6 Portugal | 867.3 | 2023 | +6.66% | +7.47% | View data |
| 7 | 7 Croatia | 441.24 | 2023 | -3.4% | +3.63% | View data |
| 8 | 8 Latvia | 162.89 | 2023 | +3.2% | +13.3% | View data |
| 9 | 9 Lithuania | 99.94 | 2023 | +1.07% | +2.55% | View data |
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