In 2023, Portugal led the European market in high growth enterprises in the stone cutting, shaping, and finishing industry with a significant increase of 5.55%. Italy saw a decline of nearly 5%, while Hungary and Slovakia showed substantial growth at rates of 19.67% and 20.11% respectively. Lithuania, Romania, and Iceland also experienced positive changes, while the Czech Republic and Norway saw no growth. Over the past five years, varying CAGRs have reflected evolving market conditions.
Future trends to watch include:
- Possible continued expansion in Hungary and Slovakia, driven by emerging markets.
- Further stabilization or recovery in Italy and Czech Republic may depend on infrastructure investments.
- Technological advancements could reshape competitive dynamics, impacting growth rates across countries.
Top countries in Number of High Growth Enterprises in Cutting, Shaping and Finishing of Stone by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 95 | 2023 | +15.85% | +5.55% | View data |
| 2 | 2 Italy | 55 | 2023 | +1.85% | -4.98% | View data |
| 3 | 3 Hungary | 27 | 2023 | +17.39% | +19.67% | View data |
| 4 | 4 Lithuania | 9 | 2023 | 0% | 0% | View data |
| 5 | 5 Czech Republic | 7 | 2023 | +16.67% | -4.9% | View data |
| 6 | 6 Romania | 5 | 2023 | +25% | +4.56% | View data |
| 7 | 7 Slovakia | 5 | 2023 | 0% | +20.11% | View data |
| 8 | 8 Iceland | 2 | 2023 | +100% | +14.87% | View data |
| 9 | 9 Norway | 1 | 2023 | 0% | View data |
