The European production of rubber and plastics products in 2023 was dominated by Germany, with a significant share of €44.35 million, followed by Italy and Spain with values of €23.74 million and €10.78 million, respectively. Growth was observed in all countries from 2022 to 2023, with Luxembourg showing the highest year-on-year increase at 4.64%, indicating a dynamic shift in smaller markets. The compound annual growth rate over the last five years highlights strong performance in Slovenia and Greece, increasing their competitiveness.
Future trends to watch include:
- Potential increase in automation and technological advancements influencing production efficiency.
- Environmental regulations driving the adoption of more sustainable materials across European producers.
- Shifts in global demand possibly impacting export-oriented countries like Germany and Italy.
Top countries in Production of Rubber and Plastics Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.35 | 2023 | +1.37% | +0.69% | View data |
| 2 | 2 Italy | 23.74 | 2023 | +1.12% | +0.77% | View data |
| 3 | 3 Spain | 10.78 | 2023 | +1.3% | +1.21% | View data |
| 4 | 4 Netherlands | 5.14 | 2023 | +1.83% | +1.92% | View data |
| 5 | 5 Belgium | 4.6 | 2023 | +2.17% | +2.2% | View data |
| 6 | 6 Austria | 3.81 | 2023 | +1.81% | +1.89% | View data |
| 7 | 7 Luxembourg | 2.64 | 2023 | +3.7% | +4.64% | View data |
| 8 | 8 Finland | 1.62 | 2023 | +0.8% | +0.84% | View data |
| 9 | 9 Slovenia | 1.12 | 2023 | +2.55% | +2.48% | View data |
| 10 | 10 Greece | 1.03 | 2023 | +1.58% | +2.51% | View data |
