The European Gardens, Plants, and Flowers HICP data for 2024 reflects significant variability among countries. Hungary leads the pack with a value of 17.508, followed by the Czech Republic at 15.16 and Latvia at 14.319. Notable year-on-year variations indicate Hungary saw the highest increase at 9.75%, while Ireland experienced a decline of -2.49%. Over the past five years, the compound annual growth rate (CAGR) shows an upward trend, especially in Eastern European countries like Hungary, the Czech Republic, and Latvia. Conversely, countries like Ireland and Switzerland have minimal growth, indicating market stabilization.
Future trends to watch in the European Gardens, Plants, and Flowers sector include sustained growth in Eastern Europe driven by increased consumer interest, potential market saturation in Western Europe, and economic factors influencing discretionary spending. Environmental factors, such as climate change and sustainability practices, will also play a crucial role in shaping the industry's future dynamics. Monitoring these trends will provide valuable insights for stakeholders and help in strategic decision-making.
Top countries in Gardens, Plants and Flowers HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 175.08 | 2022 | +20.12% | +9.75% | View data |
| 2 | 2 Czech Republic | 151.6 | 2022 | +20.13% | +7.38% | View data |
| 3 | 3 Latvia | 143.19 | 2022 | +11.95% | +6.54% | View data |
| 4 | 4 Lithuania | 143.06 | 2022 | +11.68% | +5.59% | View data |
| 5 | 5 Estonia | 140.7 | 2022 | +13.98% | +5.59% | View data |
| 6 | 6 Slovakia | 138.52 | 2022 | +14.01% | +5.59% | View data |
| 7 | 7 Poland | 136.8 | 2022 | +12.78% | +5.8% | View data |
| 8 | 8 Netherlands | 136.72 | 2022 | +4.78% | +5.11% | View data |
| 9 | 9 Romania | 132.9 | 2022 | +11.91% | +5.35% | View data |
| 10 | 10 Bulgaria | 132.14 | 2022 | +12.68% | +4.85% | View data |
