The Rubber and Plastic Products Manufacturing Production Value in the Netherlands has shown a steady increase over the years. Starting at 7.49 billion Euros in 2013, the value steadily grew, reaching 9.8 billion Euros in 2023. The value in 2023 indicates the sector's resilience and growth potential. The year-on-year percentage variations highlight fluctuations, with a significant dip in 2020 due to a 2.39% decrease, followed by recovery with modest growth rates in subsequent years.
Trends over the last two years show a gradual increase, with a 1.74% rise in 2022 and 1.68% in 2023. The average annual growth rate (CAGR) over the last five years stands at 1.01%, reflecting steady growth despite some fluctuations.
Looking ahead, forecasted data from 2024 to 2028 suggests continued growth with a forecasted 5-year CAGR of 1.2% and an overall 6.17% increase in production value by 2028. This points to a stable upward trend.
Future trends to watch for include:
- Technological advancements driving efficiency and new product lines.
- Economic factors and regulatory changes impacting production costs and market demand.
- Global supply chain dynamics and their effect on raw material availability and pricing.
