In 2023, Germany led the European cutlery market with a turnover of 43.76 million euros, despite a 5.25% decline from 2022. Italy, in contrast, saw a notable increase of 9.84%, totaling 19.54 million euros. France and Greece also showed contrasting trends, with France experiencing a slight decline of 0.48% and Greece a growth of 3.98%. Other key markets include the UK, with a stable turnover, and Spain with a modest 0.98% increase. Smaller markets like Finland and Denmark showed impressive year-on-year increases of 7.2% and 6.58%, respectively, while Croatia and Norway saw reductions.
Future trends to watch include potential growth in Eastern European markets, evidenced by significant increases in turnover share in countries like Serbia. Additionally, sustainability trends and eco-friendly cutlery demand could reshape market dynamics, particularly in markets like Sweden and Denmark. Countries with stable or declining markets might benefit from innovations in product offerings to spark consumer interest and regain market share.
Top countries in Cutlery Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.76 | 2023 | -3.45% | -5.25% | View data |
| 2 | 2 Italy | 19.54 | 2023 | +15.62% | +9.84% | View data |
| 3 | 3 France | 11.62 | 2023 | +1.14% | -0.48% | View data |
| 4 | 4 Greece | 10.06 | 2023 | +5.5% | +3.98% | View data |
| 5 | 5 Spain | 5.64 | 2023 | -3.84% | +0.98% | View data |
| 6 | 6 Portugal | 3.71 | 2023 | +4.22% | 0% | View data |
| 7 | 7 United Kingdom | 1.66 | 2023 | +1.43% | -0.056% | View data |
| 8 | 8 Sweden | 1.31 | 2023 | +1.45% | +1.82% | View data |
| 9 | 9 Belgium | 0.85 | 2023 | +1.11% | +1.98% | View data |
| 10 | 10 Finland | 0.67 | 2023 | +5.93% | +7.2% | View data |
