The European Electrical Equipment and Electronics Turnover Index displays notable disparities across countries. Hungary leads with a value of 31.32, indicating a robust growth trend, followed by Latvia and Macedonia. On the contrary, Belgium registers the lowest value at 11.34. Notably, Hungary and Latvia exhibit significant year-on-year increases, suggesting strong market momentum. Conversely, countries like Belgium and Switzerland show minimal growth. Over a five-year span, the compound annual growth rate indicates varied growth dynamics, with Eastern European countries generally outperforming their Western counterparts.
Future trends to watch include potential shifts in manufacturing hubs within Europe, driven by cost efficiency and technological advancements. Digital transformation and energy efficiency mandates could also reshape market dynamics, fostering innovation in high-growth regions.
Top countries in Electrical Equipment and Electronics Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 313.2 | 2022 | +41.21% | +23.17% | View data |
| 2 | 2 Latvia | 244.5 | 2022 | +25.51% | +14.34% | View data |
| 3 | 3 Macedonia | 244 | 2022 | +11.16% | +13.74% | View data |
| 4 | 4 Poland | 235.7 | 2022 | +19.77% | +16.63% | View data |
| 5 | 5 Romania | 235.3 | 2022 | +20.79% | +13.23% | View data |
| 6 | 6 Greece | 219.6 | 2022 | +16.5% | +15.49% | View data |
| 7 | 7 Lithuania | 164.5 | 2022 | +10.48% | +6.11% | View data |
| 8 | 8 Czech Republic | 145.7 | 2022 | +12.68% | +6% | View data |
| 9 | 9 Spain | 145.5 | 2022 | +14.48% | +5.91% | View data |
| 10 | 10 Austria | 144.3 | 2022 | +13.35% | +4.07% | View data |
