In 2023, Italy led Europe in the number of high-growth enterprises in paper and paperboard articles, commanding a significant share of 41.84%. The Czech Republic and Hungary followed with shares of 13.23% and 12%, respectively. Lithuania and Slovakia demonstrated positive growth trends, with Lithuania experiencing a 7.99% increase and Slovakia a notable 10.76% rise from the previous year. Conversely, Romania and Portugal saw declines, decreasing by 5.83% and 8.97%, respectively. Latvia showed remarkable growth with a 14.87% increase, while Norway maintained a steady presence with no change. The surveyed year-on-year growth indicates dynamic shifts within the European sector.
Future trends to watch include potential market consolidation in leading countries like Italy. Additionally, emerging markets such as Latvia and Slovakia may continue to experience growth if supportive economic policies are maintained. Sustainability trends and technological advancements in paper production could further shape the competitive dynamics across Europe.
Top countries in Number of High Growth Enterprises in Paper and Paperboard Articles Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.84 | 2023 | +9.68% | +1.06% | View data |
| 2 | 2 Czech Republic | 13.23 | 2023 | +7.5% | 0% | View data |
| 3 | 3 Hungary | 12 | 2023 | +14.71% | +9.3% | View data |
| 4 | 4 Lithuania | 10.46 | 2023 | +17.24% | +7.99% | View data |
| 5 | 5 Romania | 6.15 | 2023 | +17.65% | -5.83% | View data |
| 6 | 6 Portugal | 6.15 | 2023 | -4.76% | -8.97% | View data |
| 7 | 7 Slovakia | 3.08 | 2023 | +11.11% | +10.76% | View data |
| 8 | 8 Latvia | 1.85 | 2023 | +20% | +14.87% | View data |
| 9 | 9 Norway | 0.31 | 2023 | 0% | View data |
