In 2023, Italy led European nations in R&D expenditure within the coke and refined products manufacturing sector, reaching 100.49 million euros, followed by Portugal with 34.02 million euros. Poland's spending was significant at 26.97 million euros, while Spain and Sweden dedicated relatively smaller amounts of 15.63 and 8.31 million euros, respectively. The Czech Republic, Bosnia and Herzegovina, and Hungary, contributed minimal sums, underlining potential for increased investment. Year-on-year growth in 2023 was notable in Portugal, which saw a 53.64% increase. Other countries, like Italy, Poland, and the Czech Republic, also experienced modest gains.
Future trends to monitor include potential growth in countries with currently lower R&D expenditure, such as Hungary and Bosnia and Herzegovina, as industries seek to modernize and innovate. Additionally, the ongoing energy transition could encourage increased R&D investments across Europe, potentially influencing rankings and expenditure patterns in this sector moving forward.
Top countries in Business Expenditure on R&D in Coke and Refined Products Manufacturing by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 100.49 | 2023 | +3.3% | +2.17% | View data |
| 2 | 2 Portugal | 34.02 | 2023 | +10.75% | +53.64% | View data |
| 3 | 3 Poland | 26.97 | 2023 | +18.76% | +6.1% | View data |
| 4 | 4 Spain | 15.63 | 2021 | View data | ||
| 5 | 5 Sweden | 8.31 | 2023 | +17.95% | View data | |
| 6 | 6 Czech Republic | 1.41 | 2023 | +16.97% | +7.84% | View data |
| 7 | 7 Bosnia and Herzegovina | 0.24 | 2021 | View data | ||
| 8 | 8 Hungary | 0.023 | 2021 | View data |
