In 2023, Germany led European consumer goods nominal expenditure with €1.0488 million, marking a 4.86% increase. France followed with €0.67614 million and a 2.77% rise. The UK experienced a slight decline of 0.31%, reaching €0.63564 million. Italy and Poland saw increases of 3.18% and 5.39%, respectively, while smaller markets like Romania and Bulgaria registered remarkable growth at 7.74% and 11.77%, demonstrating dynamic performance among emerging economies. Overall, robust growth trends are evident across Europe, with spending in consumer goods rising, especially in less mature markets.
Future trends to watch in European consumer goods expenditure include the potential effect of economic policies on high-growth regions such as Eastern Europe, and consumer behavior shifts due to digitalization and sustainability factors. Market players may focus on regions displaying significant growth potential, such as the Balkans and Baltic countries, aiming for increased market penetration and adaptation to evolving consumer preferences.
Top countries in Consumer Goods Nominal Expenditure by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,048,800 | 2023 | +5.19% | +4.86% | View data |
| 2 | 2 France | 676,140 | 2023 | +1.42% | +2.77% | View data |
| 3 | 3 United Kingdom | 635,640 | 2023 | +1.14% | -0.31% | View data |
| 4 | 4 Italy | 613,710 | 2023 | +1.72% | +3.18% | View data |
| 5 | 5 Spain | 352,340 | 2023 | +2.01% | +2.46% | View data |
| 6 | 6 Poland | 241,530 | 2023 | -0.2% | +5.39% | View data |
| 7 | 7 Netherlands | 222,740 | 2023 | +11.99% | +7.59% | View data |
| 8 | 8 Switzerland | 132,450 | 2023 | +2.3% | +6.06% | View data |
| 9 | 9 Belgium | 130,720 | 2023 | +2.37% | +4.19% | View data |
| 10 | 10 Austria | 122,170 | 2023 | +10.78% | +5.62% | View data |
