In 2023, Lithuania led the European Electronic Components and Electronic Boards production index, significantly outpacing Germany and other major economies, including Spain, France, and Italy. Lithuania experienced robust growth, with a 31.08% year-on-year increase in 2022, indicating a steady upward trend in recent years. Meanwhile, Germany, though a significant player, showed moderate growth, whereas Italy recorded a slight contraction of 2.05% the previous year. Other countries such as Greece showcased substantial growth, reflecting diverse dynamics across Europe.
Future trends to watch include the continued expansion of Lithuania’s market influence, potential recovery and innovation-driven growth in Italy, and Germany's strategies to consolidate its position. Advancements in technology and shifts in global demand could also redefine the competitive landscape.
Top countries in Electronic Components and Electronic Boards Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 495.9 | 2022 | +18.86% | +31.08% | View data |
| 2 | 2 Germany | 164.6 | 2022 | +8.72% | +8.16% | View data |
| 3 | 3 Spain | 137.6 | 2022 | +2.38% | +3.21% | View data |
| 4 | 4 France | 136.4 | 2022 | +13.29% | +5.31% | View data |
| 5 | 5 Greece | 108.9 | 2022 | +25.61% | +19.32% | View data |
| 6 | 6 Italy | 91.7 | 2022 | +11.15% | -2.05% | View data |
