In 2023, Italy leads Europe with 136 high-growth enterprises in paper and paperboard articles, witnessing a minor growth of 1.06% from the previous year. The Czech Republic and Norway show stability with no variation. Hungary and Lithuania exhibit robust growth at 9.3% and 7.99%, respectively. Slovakia and Latvia, though smaller markets, had significant expansions of 10.76% and 14.87% respectively. Conversely, Romania and Portugal experienced declines of 5.83% and 8.97%, indicating challenges. Looking over the past five years, there is an observable shift towards Eastern European countries displaying a CAGR with emerging opportunities.
Future trends to watch include:
- Continued growth in Eastern European countries driven by innovation and market expansion.
- Potential stabilization in Italy while exploring advanced manufacturing technologies.
- Possible consolidation in countries with declining trends like Romania and Portugal to bolster enterprise growth.
Top countries in Number of High Growth Enterprises in Paper and Paperboard Articles by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 136 | 2023 | +9.68% | +1.06% | View data |
| 2 | 2 Czech Republic | 43 | 2023 | +7.5% | 0% | View data |
| 3 | 3 Hungary | 39 | 2023 | +14.71% | +9.3% | View data |
| 4 | 4 Lithuania | 34 | 2023 | +17.24% | +7.99% | View data |
| 5 | 5 Romania | 20 | 2023 | +17.65% | -5.83% | View data |
| 6 | 6 Portugal | 20 | 2023 | -4.76% | -8.97% | View data |
| 7 | 7 Slovakia | 10 | 2023 | +11.11% | +10.76% | View data |
| 8 | 8 Latvia | 6 | 2023 | +20% | +14.87% | View data |
| 9 | 9 Norway | 1 | 2023 | 0% | View data |
