In 2023, Italy dominated the young high growth enterprises sector in structural metal products across Europe with 43.64 units, despite a modest 8.71% year-on-year increase. Hungary experienced the highest growth rate at 27.94%, reaching 25.55 units, whereas Portugal remained static at 15.97 units. Lithuania and Slovakia saw no change, maintaining 7.45 and 1.06 units respectively. Conversely, Romania and the Czech Republic witnessed declines, with Romania dropping by 6.51% and the Czech Republic by 12.94%.
Future trends to watch include the potential for increased innovation and expansion particularly in Italy and Hungary, and the need for Romania and the Czech Republic to stabilize and re-strategize to reverse the declining trend. Enhanced support for startups and fostering industrial innovation could be pivotal factors influencing further growth across these countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Structural Metal Products Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.64 | 2023 | +17.14% | +8.71% | View data |
| 2 | 2 Hungary | 25.55 | 2023 | +14.29% | +27.94% | View data |
| 3 | 3 Portugal | 15.97 | 2023 | 0% | 0% | View data |
| 4 | 4 Lithuania | 7.45 | 2023 | +16.67% | 0% | View data |
| 5 | 5 Romania | 5.32 | 2023 | 0% | -6.51% | View data |
| 6 | 6 Czech Republic | 1.06 | 2023 | -50% | -12.94% | View data |
| 7 | 7 Slovakia | 1.06 | 2023 | 0% | 0% | View data |
