In 2023, Hungary and the Czech Republic led the European market of high growth enterprises in retail not in stores, stalls, or markets, with significant shares of 24.42% and 24.25%, respectively. Meanwhile, Italy held a 20.01% share. The year-on-year variations showed that Hungary saw a 29.86% rise and Norway had an impressive increase of 30.26%. In contrast, Latvia experienced a decline of 7.79%. Iceland remained stable with no growth. The Compound Annual Growth Rate (CAGR) over the past five years highlights steady progress within these markets.
Looking forward, the focus will be on leveraging digital platforms and innovative retail approaches. Key trends include the expansion of e-commerce, integration of technology, and the evolution of consumer preferences. Close monitoring of shifting economic conditions and regulatory changes across Europe will be crucial in understanding further market dynamics.
Top countries in Number of High Growth Enterprises in Retail Not in Stores, Stalls or Markets Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 24.42 | 2023 | +21.01% | +29.86% | View data |
| 2 | 2 Czech Republic | 24.25 | 2023 | +10% | +12.32% | View data |
| 3 | 3 Italy | 20.01 | 2023 | +10.28% | +4.43% | View data |
| 4 | 4 Romania | 9.16 | 2023 | +12.5% | +7.85% | View data |
| 5 | 5 Slovakia | 7.46 | 2023 | +4.76% | +8.7% | View data |
| 6 | 6 Norway | 5.09 | 2023 | +20% | +30.26% | View data |
| 7 | 7 Lithuania | 4.92 | 2023 | +3.57% | +5.68% | View data |
| 8 | 8 Portugal | 3.56 | 2023 | +10.53% | +3.13% | View data |
| 9 | 9 Latvia | 0.68 | 2023 | 0% | -7.79% | View data |
| 10 | 10 Iceland | 0.34 | 2023 | 0% | 0% | View data |
