The European Rubber and Plastics Products Manufacturing sector shows a varied distribution of Gross Value Added (GVA) across countries, with Italy and France leading, contributing approximately 35.65 million and 31.58 million Euros respectively. In 2023, notable growth was evident in Ireland (8.54%), Portugal (4.08%), and Latvia (7.46%), indicating a robust development in these countries. Conversely, Italy experienced a slight decline (-0.51%). Over a five-year period, the Compound Annual Growth Rate (CAGR) suggests overall moderate growth across the sector, with smaller economies like Ireland and Latvia showing the potential to significantly increase their shares.
Future trends to watch include sustained growth in smaller markets which are responding well to industry dynamics. Exploring sustainable practices and technological advancements could further enhance production efficiencies and market expansion in less dominant countries to level the GVA share across Europe. Monitoring regulatory changes and economic conditions will also be crucial in forecasting upcoming shifts in sectoral performance.
Top countries in Rubber and Plastics Products Manufacturing Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 35.65 | 2023 | +1.03% | -0.51% | View data |
| 2 | 2 France | 31.58 | 2023 | +3.05% | +0.47% | View data |
| 3 | 3 Netherlands | 9.71 | 2023 | +1.47% | +3.36% | View data |
| 4 | 4 Austria | 7.12 | 2023 | +1.49% | +0.82% | View data |
| 5 | 5 Portugal | 4.26 | 2023 | +2.98% | +4.08% | View data |
| 6 | 6 Slovakia | 4.17 | 2023 | +2.56% | +3.23% | View data |
| 7 | 7 Finland | 3.18 | 2023 | +1.46% | +1.9% | View data |
| 8 | 8 Ireland | 2.53 | 2023 | +7.32% | +8.54% | View data |
| 9 | 9 Lithuania | 1.49 | 2023 | +3.33% | +3.05% | View data |
| 10 | 10 Latvia | 0.3 | 2023 | +3.13% | +7.46% | View data |
