The data indicates that Hungary leads the European countries in the share of high growth enterprises in the wood sector with a substantial 62.91%, significantly surpassing other nations. Lithuania follows at 33.21%, while Iceland, Portugal, and Latvia also display notable shares in the late twenties. Conversely, countries like Norway and Romania exhibit relatively low shares, at 4.44% and 2.65%, respectively. The year-on-year variability suggests consistent growth for Hungary, indicative of its robust wood industry emerging into 2024. The forecasted data for 2024 will further detail these trends, solidifying Hungary's commanding position in the sector.
Future trends to monitor include the impact of EU regulations on sustainability and their potential influence on the growth dynamics within these enterprises. Additionally, technological advancements and shifts in global timber demand could significantly alter growth patterns, potentially causing fluctuations in the shares of high growth enterprises across these countries.
Top countries in Share of High Growth Enterprises in the Population of Active Enterprises in Wood, Wood Products and Cork by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 62.91 | 2023 | View data |
| 2 | 2 Lithuania | 33.21 | 2023 | View data |
| 3 | 3 Iceland | 28.6 | 2023 | View data |
| 4 | 4 Portugal | 28.23 | 2023 | View data |
| 5 | 5 Latvia | 25.24 | 2023 | View data |
| 6 | 6 Czech Republic | 22.01 | 2023 | View data |
| 7 | 7 Italy | 14.94 | 2023 | View data |
| 8 | 8 Slovakia | 14.16 | 2023 | View data |
| 9 | 9 Norway | 4.44 | 2023 | View data |
| 10 | 10 Romania | 2.65 | 2023 | View data |
