In 2023, Germany leads European retail trade production, excluding motor vehicles and motorcycles, with 211.38 billion Euros, followed by Italy and Spain at 146.13 and 90.09 billion Euros, respectively. Germany and Italy's growth rates were steady at 1.66%, while Spain and the Netherlands showed a moderate increase. Austria, Ireland, and Estonia exhibited higher growth rates, indicating robust performance. Greece witnessed a negative growth rate, suggesting challenges in its retail sector. Luxembourg, Slovenia, and Slovakia, despite smaller market sizes, saw varying growth trends, with Slovakia showing notable strength.
Future trends to watch include continued digital transformation in retail, affecting growth dynamics unevenly across countries. Emerging technologies might drive productivity and efficiency, while environmental sustainability will increasingly influence retail strategies. Watch for shifts in consumer preferences, impacting demand across European markets.
Top countries in Production of Retail Trade (Except of Motor Vehicles and Motorcycles) by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 211,380 | 2023 | +1.65% | +1.66% | View data |
| 2 | 2 Italy | 146,130 | 2023 | +1.24% | +1.66% | View data |
| 3 | 3 Spain | 90,090 | 2023 | +1.25% | +1.28% | View data |
| 4 | 4 Netherlands | 46,510 | 2023 | +1.61% | +1.52% | View data |
| 5 | 5 Belgium | 29,050 | 2023 | +0.88% | +0.83% | View data |
| 6 | 6 Austria | 25,920 | 2023 | +1.45% | +1.57% | View data |
| 7 | 7 Ireland | 16,970 | 2023 | +1.89% | +2.19% | View data |
| 8 | 8 Finland | 13,320 | 2023 | +1.34% | +1.38% | View data |
| 9 | 9 Greece | 11,400 | 2023 | -1.13% | -1.14% | View data |
| 10 | 10 Slovakia | 8,660 | 2023 | +2.37% | +2.72% | View data |
