In 2023, Italy led with the highest number of young high-growth enterprises in the fabricated metal products industry, totaling 149. Hungary saw a significant year-on-year increase of 22.42%, while Slovakia and Latvia also experienced notable growth. The Czech Republic maintained stable numbers, whereas Portugal and Romania experienced slight declines. Lithuania faced the most considerable downturn with a 16.74% drop, and Norway's growth was modest at 8.45%.
Looking forward, trends to observe include potential market expansions in Eastern Europe and the impact of new technologies on productivity and growth across the sector. Special attention is needed for countries with negative trends to identify recovery opportunities.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 149 | 2023 | +16.41% | +13.25% | View data |
| 2 | 2 Hungary | 66 | 2023 | +13.79% | +22.42% | View data |
| 3 | 3 Slovakia | 36 | 2023 | +38.46% | +17.61% | View data |
| 4 | 4 Czech Republic | 32 | 2023 | +14.29% | 0% | View data |
| 5 | 5 Portugal | 25 | 2023 | 0% | -1.53% | View data |
| 6 | 6 Romania | 11 | 2023 | 0% | -4.71% | View data |
| 7 | 7 Lithuania | 4 | 2023 | -20% | -16.74% | View data |
| 8 | 8 Latvia | 3 | 2023 | +50% | +24.57% | View data |
| 9 | 9 Norway | 3 | 2023 | 0% | +8.45% | View data |
