The market data for 2023 indicates varying trends among European countries in the number of high-growth enterprises in the wood, wood products, and cork sector. Italy leads with 238 enterprises, showing a modest growth of 1.22%. Hungary exhibits remarkable growth at 22.4%, with 217 enterprises. Portugal also sees growth, albeit slower at 4.91%. The Czech Republic mirrors Italy's stability with just over 1% growth, and Lithuania shows a slight decline at -4.6%. Other countries like Latvia and Iceland have remained stagnant, while Slovakia, Romania, and Norway faced declines ranging from -7.42% to -11.78%.
In future trends, there is potential for technological innovations and sustainability initiatives to influence growth. The increasing demand for eco-friendly materials may drive expansion, especially in countries with already burgeoning or stabilized industries. Monitoring these dynamics will be crucial for anticipating growth patterns and opportunities in this sector.
Top countries in Number of High Growth Enterprises in Wood, Wood Products and Cork by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 238 | 2023 | +16.1% | +1.22% | View data |
| 2 | 2 Hungary | 217 | 2023 | +17.93% | +22.4% | View data |
| 3 | 3 Portugal | 162 | 2023 | +12.5% | +4.91% | View data |
| 4 | 4 Czech Republic | 135 | 2023 | +8% | +1.07% | View data |
| 5 | 5 Lithuania | 128 | 2023 | 0% | -4.6% | View data |
| 6 | 6 Latvia | 43 | 2023 | +10.42% | 0% | View data |
| 7 | 7 Slovakia | 34 | 2023 | -2.86% | -7.42% | View data |
| 8 | 8 Romania | 31 | 2023 | -8.82% | -11.78% | View data |
| 9 | 9 Norway | 11 | 2023 | 0% | -7.22% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | 0% | View data |
