The data for 2023 indicates that Italy leads in the number of young high-growth enterprises (Gazelles) in the fabricated metal products sector, with significant growth observed over the last year. Hungary and Slovakia also demonstrate substantial growth, while Lithuania and Portugal experienced declines. The Czech Republic saw no change. Notably, Latvia shows a prominent increase, distinguishing itself among smaller markets. Over the past five years, Hungary and Italy's consistent growth contributed to the overall upward trend for the region.
Looking ahead to 2024, key trends to watch include:
- Potential continued growth in Eastern European countries such as Hungary and Slovakia.
- The impact of economic and regulatory changes on established markets like Italy.
- Recovery chances for countries that experienced decline, such as Lithuania and Portugal.
- Sustainability initiatives influencing market dynamics in the metal fabrication sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 48.11 | 2023 | +16.41% | +13.25% | View data |
| 2 | 2 Hungary | 21.31 | 2023 | +13.79% | +22.42% | View data |
| 3 | 3 Slovakia | 11.62 | 2023 | +38.46% | +17.61% | View data |
| 4 | 4 Czech Republic | 10.33 | 2023 | +14.29% | 0% | View data |
| 5 | 5 Portugal | 8.07 | 2023 | 0% | -1.53% | View data |
| 6 | 6 Romania | 3.55 | 2023 | 0% | -4.71% | View data |
| 7 | 7 Lithuania | 1.29 | 2023 | -20% | -16.74% | View data |
| 8 | 8 Latvia | 0.97 | 2023 | +50% | +24.57% | View data |
| 9 | 9 Norway | 0.97 | 2023 | 0% | +8.45% | View data |
