In 2023, Italy led the high growth enterprises in food, beverages, and tobacco wholesale sector in Europe with a value share of 33.19%, with a modest 2.61% increase from the previous year. Hungary experienced significant growth with a 17.74% increase, reaching a 20.54% share. Portugal also reported growth with a 1.93% increase, while Romania and Slovakia saw slight increases. The Czech Republic and Lithuania showed declines. Notably, Latvia had a drastic 49.01% decrease. Norway and Iceland experienced minor reductions, with Iceland showing no change.
Looking ahead, Italy is expected to maintain its leading position. However, Hungary's impressive growth trajectory suggests it could increase its share further. Observing stability and growth in smaller markets like Slovakia and Portugal could reveal new opportunities. Keeping an eye on market dynamics and economic conditions in each country will be crucial for forecasting future trends in this sector.
Top countries in Number of High Growth Enterprises in Food, Beverages and Tobacco Wholesale Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 33.19 | 2023 | +6.7% | +2.61% | View data |
| 2 | 2 Hungary | 20.54 | 2023 | +18.45% | +17.74% | View data |
| 3 | 3 Portugal | 17.93 | 2023 | +11.06% | +1.93% | View data |
| 4 | 4 Romania | 7.52 | 2023 | +7.45% | +2.33% | View data |
| 5 | 5 Czech Republic | 6.18 | 2023 | +2.47% | -2.04% | View data |
| 6 | 6 Lithuania | 4.17 | 2023 | +5.66% | -1.37% | View data |
| 7 | 7 Slovakia | 2.6 | 2023 | 0% | +2.46% | View data |
| 8 | 8 Norway | 0.6 | 2023 | 0% | -6.17% | View data |
| 9 | 9 Iceland | 0.15 | 2023 | 0% | 0% | View data |
| 10 | 10 Latvia | 0.074 | 2023 | -88.89% | -49.01% | View data |
