Industry revenue of »manufacture of rubber products« in Czechia 2011-2023

Up until a decade ago, Czech Republic was amongst the leading producers of rubber products in the EU. However, over the years, manufacturing and industrial operations have witnessed a decline, owing to the rising labour costs and tariff charges and as a result, majority of the production operations have been outsourced to low cost bases, mostly in the Asia-Pacific region. Therefore, revenues of the rubber products manufacturing industry are projected to decline from 5.7 billion U.S. dollars in 2011 to 5.1 billion U.S. dollars by 2023. In fact, this trend can be observed in many of the European countries including Norway and the UK, to name a few. The largest source of rubber goods for the EU in 2017 was Indonesia, which supplied 31 percent of the imports, followed by Thailand.

Additionally, tepid growth in the construction and civil engineering sector has not augured well for the industry, as they are amongst the main users of rubber products.