The European Funeral Services HICP in 2024 highlights significant variations across countries, with Lithuania and Latvia leading with the highest indices in value growth relative to the baseline year of 2015. The five-year CAGR indicates substantial increases in Lithuania, Latvia, and Hungary, while other EU countries exhibit moderate expansions. Recent year-on-year variations underscore a trend of stability or minor growth in several countries, such as Slovakia, Bulgaria, and Romania.
Future trends to monitor include:
- The impact of demographic shifts such as aging populations on service demand and pricing.
- Regulatory changes across European nations that could influence cost structures and consumer preferences.
- Potential technological advancements in funeral services that could alter economic dynamics within the sector.
- The influence of cultural shifts on funeral practices, potentially impacting demand and pricing models.
Top countries in Funeral Services HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 153.53 | 2022 | +15.86% | +7.1% | View data |
| 2 | 2 Latvia | 151.98 | 2022 | +17.83% | +9.63% | View data |
| 3 | 3 Slovakia | 150.26 | 2022 | +14.54% | View data | |
| 4 | 4 Hungary | 148.22 | 2022 | +12.2% | +8.73% | View data |
| 5 | 5 Czech Republic | 142.3 | 2022 | +12.94% | +7.55% | View data |
| 6 | 6 Luxembourg | 140.31 | 2022 | +8.94% | +4.53% | View data |
| 7 | 7 Bulgaria | 137.94 | 2022 | +14.85% | View data | |
| 8 | 8 Estonia | 136.02 | 2022 | +7.85% | View data | |
| 9 | 9 Poland | 133 | 2022 | +11.39% | +6.83% | View data |
| 10 | 10 Austria | 127.31 | 2022 | +4.11% | +3.78% | View data |
