In 2023, Italy held the largest share in European sold production of machinery for food, beverage, and tobacco processing, with a market share of 32.03%, closely followed by Germany at 26.65%. France and the Netherlands also featured prominently, with shares of 8.03% and 8.01%, respectively. Noteworthy developments include significant growth in Lithuania (24.32%) and moderate increases in Poland (2.34%) and Bulgaria (4.88%). However, Austria and the United Kingdom saw declines. Over the past five years, the compounded annual growth rates have been varied across the region, showing shifts in competitiveness and market dynamics.
Future trends to watch include potential technological advancements in machinery production, geopolitical factors affecting trade, and sustainability demands impacting production processes and preferences. The continued rise of emerging European economies could influence market share distribution changes, with countries like Poland, Bulgaria, and Lithuania playing more significant roles.
Top countries in Sold Production of Machinery for Food, Beverage and Tobacco Processing Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.03 | 2023 | +4.18% | -0.35% | View data |
| 2 | 2 Germany | 26.65 | 2023 | +6.18% | +0.014% | View data |
| 3 | 3 France | 8.03 | 2023 | +1.12% | -0.71% | View data |
| 4 | 4 Netherlands | 8.01 | 2023 | +2.17% | -3.36% | View data |
| 5 | 5 Spain | 6.09 | 2023 | +6.09% | +0.97% | View data |
| 6 | 6 Denmark | 5.35 | 2023 | +2.33% | -0.33% | View data |
| 7 | 7 United Kingdom | 3.06 | 2023 | -0.66% | -1.15% | View data |
| 8 | 8 Poland | 2.21 | 2023 | +2.5% | +2.34% | View data |
| 9 | 9 Norway | 1.46 | 2023 | +14.52% | +7.05% | View data |
| 10 | 10 Czechia | 1.13 | 2023 |
