The analysis of the European number of young high-growth enterprises, known as gazelles, in the wood, wood products, and cork sectors reveals that as of 2023, Portugal leads with 29.78%, followed by Hungary at 17.6%. Italy and Lithuania are experiencing declines, with year-on-year decreases of 3.58% and 14.14%, respectively. Hungary and Romania show notable growth, with Hungary increasing by 34.08% and Romania by 24.57%. Smaller markets like Slovakia and Norway also display modest growth. The Czech Republic registers a decline by 7.79%.
Future trends to watch:
- Analyze economic policies affecting the forestry and processing sectors.
- Monitor technological advancements and their impact on productivity.
- Understand sustainability trends and their potential to spur enterprise growth.
- Observe trade policies that might affect supply chain dynamics and competitiveness in the sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Wood, Wood Products and Cork Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 29.78 | 2023 | +37.5% | +17.08% | View data |
| 2 | 2 Hungary | 17.6 | 2023 | +18.18% | +34.08% | View data |
| 3 | 3 Italy | 13.54 | 2023 | 0% | -3.58% | View data |
| 4 | 4 Lithuania | 9.48 | 2023 | 0% | -14.14% | View data |
| 5 | 5 Romania | 8.12 | 2023 | +20% | +24.57% | View data |
| 6 | 6 Slovakia | 6.77 | 2023 | 0% | +4.56% | View data |
| 7 | 7 Norway | 2.71 | 2023 | +100% | +14.87% | View data |
| 8 | 8 Czech Republic | 2.71 | 2023 | 0% | -7.79% | View data |
