The European Turnover Index for Food, Beverages, and Tobacco Retail indicates a heterogeneous growth pattern across countries. In 2023, Slovakia topped the list with a notable index value of 22.32, followed by Romania and Serbia. These countries also displayed significant year-on-year growth from 2022, with Slovakia leading at 15.33%. Lower growth rates were observed in Western European nations, with Switzerland, Belgium, and Italy exhibiting minimal variations. Over the past five years, Eastern European countries have generally experienced higher compound annual growth rates compared to their Western counterparts.
Future trends to watch include:
- The impact of economic stability in Eastern Europe on sustaining high growth rates.
- Western Europe's potential market saturation and moderate growth.
- Impact of external factors, such as inflation and supply chain disruptions, on retail turnover.
- Technological advancements in retail and the rise of e-commerce affecting traditional turnover metrics.
Top countries in Turnover Index of Food, Beverages and Tobacco Retail by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 223.2 | 2022 | +74.51% | +15.33% | View data |
| 2 | 2 Romania | 209.5 | 2022 | +15.75% | +11.37% | View data |
| 3 | 3 Serbia | 198.9 | 2022 | +19.24% | +11.04% | View data |
| 4 | 4 Hungary | 180.9 | 2022 | +19.25% | +10.44% | View data |
| 5 | 5 Bulgaria | 179 | 2022 | +16.61% | +9.16% | View data |
| 6 | 6 Bosnia and Herzegovina | 171.3 | 2022 | +17.17% | +9.14% | View data |
| 7 | 7 Albania | 168.7 | 2022 | +16.26% | +7.28% | View data |
| 8 | 8 Macedonia | 168.5 | 2022 | +10.71% | +7.38% | View data |
| 9 | 9 Poland | 165 | 2022 | +27.51% | +8.02% | View data |
| 10 | 10 Lithuania | 160.3 | 2022 | +14.26% | +7.59% | View data |
