The European rubber and plastic products manufacturing sector shows significant disparities in high growth enterprises across countries. Italy leads with the highest share, though it experienced a slight decline in 2023. Hungary saw an impressive increase, highlighting its growth potential. Meanwhile, the Czech Republic and Romania faced reductions, whereas Latvia experienced notable growth. Slovakia recorded the most significant drop, indicating potential challenges. Overall, the sector displays a mix of stable and dynamic markets with varying expansion rates.
Future trends to watch include:
- Potential growth in Eastern European countries, particularly Hungary and Latvia.
- Monitoring Italy's ability to maintain its leading position amid slight contractions.
- Investigating the factors causing Slovakia's decline and identifying recovery opportunities.
Top countries in Number of High Growth Enterprises in Rubber and Plastic Products Manufacturing Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.97 | 2023 | +8.67% | -0.078% | View data |
| 2 | 2 Hungary | 20.02 | 2023 | +14.29% | +8.45% | View data |
| 3 | 3 Czech Republic | 12.66 | 2023 | +1.21% | -3.35% | View data |
| 4 | 4 Portugal | 8.49 | 2023 | +5.66% | +0.82% | View data |
| 5 | 5 Romania | 5.99 | 2023 | +8.22% | -1.91% | View data |
| 6 | 6 Lithuania | 4.25 | 2023 | +5.66% | +2.29% | View data |
| 7 | 7 Latvia | 2.58 | 2023 | +13.33% | +12.34% | View data |
| 8 | 8 Slovakia | 1.82 | 2023 | -22.58% | -22.35% | View data |
| 9 | 9 Norway | 0.61 | 2023 | 0% | -2.33% | View data |
