Between 2013 and 2023, the rubber products manufacturing sector in the Netherlands exhibited notable fluctuations. From a value of 803.1 million euros in 2013, there was significant growth and occasional decline, with the sector reaching 973.7 million euros in 2023. The year-on-year variation showcases peaks and troughs–notable increases in years like 2014 (15.4%) and 2016 (20.32%), and sharp declines in 2020 (-16.75%). The average annual growth rate (CAGR) over the last five years was 1.17%, demonstrating modest growth.
Future trends to watch for in the sector include:
- Continued modest growth with the forecast CAGR of 0.34% from 2024 to 2028.- Potential impacts of technological advancements and sustainability practices.- Market dynamics shifts due to geopolitical factors and economic policies within the EU.
