The 2023 landscape of young high-growth enterprises (gazelles) in the European food, beverages, and tobacco wholesale sector showed a dominant share from Hungary, accounting for one-third, followed by Italy and Romania. Hungary and Slovakia exhibited significant year-on-year growth, whereas the Czech Republic experienced a notable decline. Portugal also faced a substantial decrease, aligning with Italy’s modest decline, while Iceland remained unchanged. The five-year CAGR indicates a variable performance across these nations, reflecting dynamic changes in this sector.
Future trends to watch for include:
- Continued growth in Hungary and Slovakia could signify emerging markets in this sector.
- Countries like Italy and Portugal may focus on recovery strategies to regain their shares.
- Technological advancements and policy changes will potentially reshape the competitive landscape.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food, Beverages and Tobacco Wholesale Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 33.33 | 2023 | +14.29% | +14.87% | View data |
| 2 | 2 Italy | 31.94 | 2023 | 0% | -6.97% | View data |
| 3 | 3 Romania | 19.44 | 2023 | +16.67% | +4.94% | View data |
| 4 | 4 Portugal | 4.17 | 2023 | 0% | -12.94% | View data |
| 5 | 5 Slovakia | 2.78 | 2023 | 0% | +14.87% | View data |
| 6 | 6 Czech Republic | 1.39 | 2023 | -50% | -27.52% | View data |
| 7 | 7 Iceland | 1.39 | 2023 | 0% | View data |
