The European Food and Beverage Services Turnover Index in 2023 shows Romania, Hungary, and Serbia leading with substantial growth. Romania's increase from 2022 stands remarkable at over 18%, while Serbia tops with over a 21% year-on-year variation. Central and Eastern European countries generally exhibit stronger growth rates, while major Western economies like France and Germany showcase more modest growth, around 5.9% and 1.69% respectively. Southern Europe, including Greece and Italy, experiences slower growth, with negative and minimal changes reported in Macedonia.
Looking ahead, there is potential for significant shifts driven by digital transformation, post-pandemic demand changes, and sustainability trends across Europe. Growth is expected to be led by technological innovations in service delivery, shifts in consumer preferences towards healthier options, and sustainability practices shaping the future landscape in this sector.
Top countries in Food and Beverage Services Turnover Index by Country
# | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Romania | 314.4 | 2022 | +36.22% | +18.14% | View data |
2 | 2 Hungary | 296.2 | 2022 | +54.59% | +15.65% | View data |
3 | 3 Serbia | 262.5 | 2022 | +41.89% | +21.29% | View data |
4 | 4 Lithuania | 261.8 | 2022 | +60.81% | +16.16% | View data |
5 | 5 Poland | 230 | 2022 | +32.56% | +12.4% | View data |
6 | 6 Bosnia and Herzegovina | 222.4 | 2022 | +23.69% | +13.48% | View data |
7 | 7 Bulgaria | 202 | 2022 | +32.89% | +10.63% | View data |
8 | 8 Albania | 192.5 | 2022 | +21.07% | +5.03% | View data |
9 | 9 Slovakia | 181.3 | 2022 | +38.71% | +9.38% | View data |
10 | 10 Latvia | 177.1 | 2022 | +83.33% | +8.51% | View data |