The European Cutlery, Flatware, and Silverware Harmonized Index of Consumer Prices (HICP) shows significant variation across countries in 2024, with values ranging broadly. The Czech Republic and Lithuania lead with the highest indices, reflecting strong price pressure in the cutlery sector. Central and Eastern European countries, like Hungary and Poland, also show notable annual increases. Western European nations such as Ireland and Denmark have lower indices, with Denmark experiencing a deflationary trend over the previous year. In general, Eastern European countries have higher indices, showing a trend towards price increases compared to their Western counterparts.
Future trends to observe include:
- Monitoring how inflationary pressures in Eastern Europe affect consumer behavior and demand.
- Assessing the impact of global supply chain disruptions on European cutlery markets.
- Observing policy changes and fiscal measures in response to economic conditions, influencing regional price adjustments.
- Evaluating potential changes in consumer preferences towards sustainable and eco-friendly products, which could drive new market dynamics.
Top countries in Cutlery, Flatware and Silverware HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 135.5 | 2022 | +14.35% | +7.36% | View data |
| 2 | 2 Lithuania | 132.68 | 2022 | +8.51% | +3.86% | View data |
| 3 | 3 Norway | 121.7 | 2022 | View data | ||
| 4 | 4 Estonia | 118.85 | 2022 | +7.12% | View data | |
| 5 | 5 Slovenia | 116.46 | 2022 | +7.94% | +2.53% | View data |
| 6 | 6 France | 115.77 | 2022 | +3.49% | +2.43% | View data |
| 7 | 7 Luxembourg | 114.77 | 2022 | +2.29% | +2.43% | View data |
| 8 | 8 Germany | 114.6 | 2022 | +3.99% | +2.06% | View data |
| 9 | 9 Austria | 114.41 | 2022 | +6.07% | +1.6% | View data |
| 10 | 10 Sweden | 113.2 | 2022 | +6.69% | +2.2% | View data |
