The 2023 data highlights Hungary as the leading country in the number of high growth enterprises within the stone, sand, and clay quarrying industry, surpassing Italy and Portugal. Romania exhibited the highest year-on-year growth rate at 66.16%, while Hungary's increase was at 39.98%. Italy, Portugal, and Lithuania experienced moderate growth around 11.41%, 6.69%, and 3.9%, respectively. Latvia showed slight growth, whereas Norway and Iceland remained unchanged.
Future trends indicate a focus on sustainable practices and technological advancements, which may influence enterprise growth. Watch for potential increases in regulations and investments in eco-friendly quarrying technologies that could shift the industry's dynamics in Europe.
Top countries in Number of High Growth Enterprises in Stone, Sand and Clay Quarrying by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 129 | 2023 | +22.86% | +39.98% | View data |
| 2 | 2 Italy | 103 | 2023 | +13.19% | +11.41% | View data |
| 3 | 3 Portugal | 85 | 2023 | +10.39% | +6.69% | View data |
| 4 | 4 Romania | 76 | 2023 | +15.15% | +66.16% | View data |
| 5 | 5 Lithuania | 23 | 2023 | +21.05% | +3.9% | View data |
| 6 | 6 Czech Republic | 21 | 2023 | +16.67% | +8.45% | View data |
| 7 | 7 Slovakia | 16 | 2023 | +6.67% | +1.3% | View data |
| 8 | 8 Latvia | 8 | 2023 | 0% | +2.71% | View data |
| 9 | 9 Norway | 2 | 2023 | 0% | View data | |
| 10 | 10 Iceland | 2 | 2023 | 0% | 0% | View data |
