The latest figures from the National Institute of Statistics show a notable surge in industry turnover for 2022, rising by an average of 20.6 percent. This marks the strongest year since the statistical series began in 2002, underscoring a robust expansion across the sector and signaling broad-based momentum that extended beyond a single industry segment.
Viewed in a longer horizon, the sector experienced growth for a second consecutive year after a solid 16.1 percent increase in 2021. This came on the heels of a sharp 11.7 percent decline in 2020, the first full year affected by the pandemic, highlighting a notable rebound from the downturn and a resilience that has characterized much of the industrial landscape in recent years.
Within 2022, the turnover upswing touched all segments, with energy leading the gains at 80.8 percent, followed by intermediate goods at 17.8 percent, non-durable consumer goods at 16.9 percent, consumer durables at 13.6 percent, and capital goods at 10.6 percent. This distribution points to a broad recovery, driven by demand dynamics, investment activity, and renewed production cycles across multiple supply chains.
Several sub-branches registered particularly strong sales increases in 2022. Coke plants and oil refining showed an impressive 80.8 percent rise, while the manufacture of jewelry, bijouterie and musical instruments grew by 31.3 percent. The production of motorcycles and bicycles climbed 27.9 percent, and the manufacture of milling products, starch and animal feed rose by 25.9 percent. These gains illustrate how energy, consumer goods, and specialized manufacturing sectors contributed to the overall expansion, often supported by market trends, commodity prices, and industrial policy impulses.
On the downside, the tobacco industry was the only major line to experience a downturn, with sales dipping by 1.7 percent. This contrast within the manufacturing landscape highlights how the mix of products, regulatory changes, and consumer preferences can yield divergent results even amid a broadly favorable year for the sector.
Adjusted for seasonal and calendar effects, the sector showed a visible advance, with turnover rising by 21.4 percent on average in 2021, a period characterized by a strong uptick in energy-related activities and a broad-based improvement across many other segments as the economy regained momentum. This backdrop helps explain the subsequent strong performance in 2022, where energy continued to lead gains and helped lift the entire chain of industry activity.
Looking at December 2022, industry sales grew by 8.6 percent year over year, though this pace was 4.5 percentage points lower than the figure recorded in November. The annual rise in December marked a moderation relative to the peak months of the year, but still reflected a sustained contribution to annual totals. Across the year, industry chains moved forward for twenty-two consecutive months, signaling a persistent period of expansion and continued capacity utilization across multiple plants and manufacturing lines.
From a monthly perspective, December 2022 compared with November 2022 showed a slight contraction of 0.4 percent in turnover, contrasting with the 3.6 percent gain observed in November. This small month-to-month setback fits within the normal volatility of industrial production, where seasonal patterns, input costs, and logistical factors can influence short-term performance even as the longer-term trajectory remains positive.