The European Parts and Accessories for Motor Vehicles Production Index in 2024 indicates significant disparities among countries. Lithuania leads with an impressive 34.64, showing robust growth, as reflected by a year-on-year increase of 29.99% in 2023. Greece follows with 11.36, demonstrating moderate momentum with a 2.91% increment. Germany's slight decline of 0.76% in 2022 positions it at 10.32. Spain and Italy, each showing declines (2.56% and 3.26% respectively), stand at 9.25 and 7.98. France's decrease of 6.06% results in a 2023 index of 7.93, highlighting challenges in revitalizing its production sector. The compounded annual growth rate (CAGR) over the last five years shows divergent trajectories across these economies.
Future trends to observe include:
- Continued expansion in Eastern Europe, driven by Lithuania’s rapid growth.
- Potential recovery in Germany and Italy with strategic investments in technology and supply chain optimization.
- Adaptation to regulatory changes and environmental standards in the broader European context.
- Impact of economic factors, including inflation and energy prices, influencing production costs and competitiveness.
Top countries in Parts and Accessories for Motor Vehicles Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 346.4 | 2022 | +46.41% | +29.99% | View data |
| 2 | 2 Greece | 113.6 | 2022 | +10.94% | +2.91% | View data |
| 3 | 3 Germany | 103.2 | 2022 | +4.88% | -0.76% | View data |
| 4 | 4 Spain | 92.5 | 2022 | +6.94% | -2.56% | View data |
| 5 | 5 Italy | 79.8 | 2022 | +0.38% | -3.26% | View data |
| 6 | 6 France | 79.3 | 2022 | +3.39% | -6.06% | View data |
