In 2023, Germany led European electronic components production with €18.53 billion, showing a modest growth of 0.39%. France and Italy reported decreases of 1.13% and 1.83% respectively, while Hungary's output surged by 54.14%. Austria and Poland noted small increases. Spain and Norway saw notable YoY growth at 10.91% and 10.05%. However, the UK and Sweden faced declines of approximately 1.9% and 2.22%. Smaller economies like Slovakia and Iceland dropped by 14.89% and 15.91%.
Looking forward, focus on Hungary's impressive growth as a potential leader, while Germany stabilizes. Innovations and policies will drive fluctuation in these markets.
Top countries in Electronic Components Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,530 | 2023 | +0.55% | +0.39% | View data |
| 2 | 2 France | 6,310 | 2023 | +1.66% | -1.13% | View data |
| 3 | 3 Hungary | 5,230 | 2023 | +24.47% | +54.14% | View data |
| 4 | 4 Austria | 5,020 | 2023 | +4.58% | +4.25% | View data |
| 5 | 5 Italy | 4,500 | 2023 | -0.54% | -1.83% | View data |
| 6 | 6 Poland | 2,360 | 2023 | +1.92% | +0.92% | View data |
| 7 | 7 United Kingdom | 2,120 | 2023 | -1.36% | -1.92% | View data |
| 8 | 8 Spain | 1,510 | 2023 | +11.11% | +10.91% | View data |
| 9 | 9 Belgium | 1,060 | 2023 | +0.46% | +1.07% | View data |
| 10 | 10 Czech Republic | 629.1 | 2023 | +2.36% | +2.24% | View data |
