The European retail market, excluding motor vehicles and motorcycles, demonstrated varying national contributions in 2023. Germany and France led with value shares of 38.4 million and 30.55 million euros, respectively. In terms of growth, Estonia and Croatia showed notable year-on-year increases, with Estonia at 8.04% and Croatia at 4.07%. Conversely, Slovakia experienced a slight decline of 0.19%.
Looking ahead, several trends may shape the industry in the region:
- Increased digitalization and e-commerce growth affecting traditional retail spaces.
- Continued economic recovery may drive consumer spending in Southern European countries.
- Sustainability practices could impact retail operations and differentiate market leaders.
- Shifts in consumer behavior towards experiential and convenience shopping could redefine market dynamics.
Top countries in Value Added of Retail (Except of Motor Vehicles and Motorcycles) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.4 | 2023 | +2.49% | +2.55% | View data |
| 2 | 2 France | 30.55 | 2023 | +1.06% | +1.69% | View data |
| 3 | 3 Spain | 19.1 | 2023 | +1.33% | +0.58% | View data |
| 4 | 4 Belgium | 5.49 | 2023 | +0.79% | +0.86% | View data |
| 5 | 5 Finland | 2.43 | 2023 | +1.19% | +2.08% | View data |
| 6 | 6 Slovakia | 1.23 | 2023 | +0.029% | -0.19% | View data |
| 7 | 7 Lithuania | 1.04 | 2023 | +2.62% | +2.82% | View data |
| 8 | 8 Croatia | 0.94 | 2023 | +3.55% | +4.07% | View data |
| 9 | 9 Estonia | 0.48 | 2023 | +6.96% | +8.04% | View data |
| 10 | 10 Cyprus | 0.34 | 2023 | +0.74% | +0.067% | View data |
