In 2023, Italy holds a commanding 55.89% share of European production of industrial machinery for confectionery, cocoa, or chocolate, despite a 4.95% decline from the previous year. Germany follows with 20.61%, reducing its share by 2.78%. While Spain and Poland saw marginal increases, 0.82% and 0.5% respectively, the UK exhibited notable growth of 5.14%. Conversely, the Netherlands declined by 5.74%, and Croatia's share dropped completely. Over a five-year period, the compounded average growth rate indicates a stable but cautious market.
Future trends to watch include technological advancements in machinery, increasing demand for automation, and the influence of sustainability practices, which may reshape competitive balances across these countries. Additionally, bolstering production efficiency and exploring emerging markets could offer growth opportunities for European manufacturers.
Top countries in Sold Production of Industrial Machinery for the Manufacture or Preparation of Confectionery, Cocoa or Chocolate Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 55.89 | 2023 | +16.08% | -4.95% | View data |
| 2 | 2 Germany | 20.61 | 2023 | +0.87% | -2.78% | View data |
| 3 | 3 Spain | 8.64 | 2023 | +7.71% | +0.82% | View data |
| 4 | 4 United Kingdom | 6.06 | 2023 | -6.08% | +5.14% | View data |
| 5 | 5 Netherlands | 5.82 | 2023 | -0.34% | -5.74% | View data |
| 6 | 6 Denmark | 1.83 | 2023 | +0.54% | -1.04% | View data |
| 7 | 7 Slovakia | 1.79 | 2023 | +1.11% | -0.96% | View data |
| 8 | 8 Poland | 1.61 | 2023 | -3.53% | +0.5% | View data |
| 9 | 9 Serbia | 0.59 | 2023 | +3.45% | +4.13% | View data |
| 10 | 10 Croatia | 0.01 | 2023 | -100% | -100% | View data |
