The European Turnover Index for Food, Beverages, and Tobacco Retail shows significant variation across countries in 2023. Slovakia, with the highest index, leads the region, closely followed by Romania and Serbia. Central and Eastern European countries exhibit stronger growth compared to Western counterparts, with Slovakia's index at a robust 22.24. Conversely, countries like Switzerland and Italy showcase relatively lower indices but reflect stable, if slow, growth over recent years. Trends from 2022 show that Slovakia, Romania, and Serbia experienced the highest growth rates, with notable year-on-year expansions, underlining their dynamic retail environments.
Future trends to watch include the evolving consumer demand influenced by economic shifts, environmental considerations, and regulatory changes. Additionally, digitalization and the growth of e-commerce may reshape the landscape of this retail sector, possibly benefitting countries with advanced technological infrastructures. Monitoring these developments can provide insights into potential growth opportunities and challenges within the European market.
Top countries in Turnover Index of Food, Beverages and Tobacco Retail by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 222.4 | 2022 | +74.16% | +15.25% | View data |
| 2 | 2 Romania | 209.4 | 2022 | +15.69% | +11.36% | View data |
| 3 | 3 Serbia | 198.8 | 2022 | +18.97% | +11% | View data |
| 4 | 4 Hungary | 180.9 | 2022 | +19.25% | +10.44% | View data |
| 5 | 5 Bulgaria | 179 | 2022 | +16.61% | +9.16% | View data |
| 6 | 6 Bosnia and Herzegovina | 171.3 | 2022 | +17.17% | +9.14% | View data |
| 7 | 7 Macedonia | 168.8 | 2022 | +11.2% | +7.41% | View data |
| 8 | 8 Albania | 168.7 | 2022 | +16.26% | +7.28% | View data |
| 9 | 9 Poland | 164.8 | 2022 | +27.46% | +7.95% | View data |
| 10 | 10 Lithuania | 160.2 | 2022 | +14.18% | +7.59% | View data |
