In 2023, Poland leads in European Rubber and Plastic Products Manufacturing with 2.5%, experiencing a 1.68% year-on-year growth. Conversely, the Czech Republic and Hungary saw slight declines of -1.73% and -0.89% respectively. Bosnia and Herzegovina surged by 11.1%, while Italy and Romania both grew by 1.39%. Germany, traditionally a strong industrial player, experienced a slight decline of -1.47%. Noticeably, Iceland and Norway faced significant contractions of -12.94% each. Countries like Spain, Bulgaria, and Belgium saw no change, indicating a stable but stagnant market.
Future trends to watch for include:
- The continued rise of Eastern European countries as manufacturing powerhouses, particularly Poland and Bosnia and Herzegovina.
- The impact of economic policies and sustainability measures on output, especially in traditionally strong countries like Germany and Italy.
- Potential market shifts in response to technological advancements and supply chain dynamics.
Top countries in Rubber and Plastic Products Manufacturing Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 2.5 | 2023 | 0% | +1.68% | View data |
| 2 | 2 Czech Republic | 2.2 | 2023 | 0% | -1.73% | View data |
| 3 | 3 Bosnia and Herzegovina | 2.2 | 2023 | +10% | +11.1% | View data |
| 4 | 4 Hungary | 2.2 | 2023 | +4.76% | -0.89% | View data |
| 5 | 5 Slovenia | 2.1 | 2023 | 0% | -1.8% | View data |
| 6 | 6 Slovakia | 2.1 | 2023 | 0% | -0.93% | View data |
| 7 | 7 Serbia | 1.7 | 2023 | 0% | -3.2% | View data |
| 8 | 8 Bulgaria | 1.5 | 2023 | +7.14% | 0% | View data |
| 9 | 9 Romania | 1.5 | 2023 | +7.14% | +1.39% | View data |
| 10 | 10 Italy | 1.5 | 2023 | 0% | +1.39% | View data |
