The European starches and starch products sector saw varied trends in 2023 with notable high annual growth in Hungary at 50.64%, while Germany also experienced a steady increase at 5.3%. Meanwhile, the Netherlands and Poland saw slight declines of -0.18% and -0.36% respectively, reflecting slight industry contractions. Spain and the Czech Republic experienced more significant reductions with -4.29% and -4.04%. Other countries like Italy and Latvia saw moderate growth at 3.81% and 3.75% respectively.
Looking ahead in 2024 and beyond, key trends to monitor include the impact of technology and automation on labor hours, the influence of sustainability efforts, and potential market disruptions from geopolitical events. Countries leading in innovations might see a shift towards more efficient hours worked.
Top countries in Starches and Starch Products Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,912,300 | 2023 | +5.79% | +5.3% | View data |
| 2 | 2 Hungary | 4,700,500 | 2023 | +20.05% | +50.64% | View data |
| 3 | 3 Netherlands | 3,333,000 | 2023 | +0.58% | -0.18% | View data |
| 4 | 4 Italy | 2,961,000 | 2023 | +3.44% | +3.81% | View data |
| 5 | 5 Belgium | 2,321,200 | 2023 | +3.82% | +1.6% | View data |
| 6 | 6 Poland | 1,837,300 | 2023 | -0.45% | -0.36% | View data |
| 7 | 7 Spain | 880,280 | 2023 | -3.52% | -4.29% | View data |
| 8 | 8 Czech Republic | 591,010 | 2023 | -4.48% | -4.04% | View data |
| 9 | 9 Portugal | 225,390 | 2023 | +5.81% | +0.13% | View data |
| 10 | 10 Finland | 202,480 | 2023 | +1.61% | +1.5% | View data |
