In 2023, Portugal led the European market with 45.35% of high-growth enterprises in the stone industry, showcasing a steady 5.55% increase from the prior year. Italy and Hungary follow with shares of 26.26% and 12.89% respectively, although Italy saw a decrease of 4.98% while Hungary increased by 19.67%. Lithuania maintained its position with 4.3%. The Czech Republic faced a dip of 4.9%, now at 3.34%. Both Romania and Slovakia held identical shares of 2.39%, with Slovakia showing a robust growth of 20.11%. Iceland and Norway held minor shares, with Iceland growing 14.87% and Norway remaining static.
Future trends to watch in this sector include:
- Potential consolidation of enterprises in leading markets like Portugal and Italy, capitalizing on growth potential and market opportunities.
- The steady growth in Hungary and Slovakia may prompt an increase in regional investments and innovation.
- Monitoring technological advancements that may influence production efficiency and enterprise growth across Europe.
- Evaluating the impact of emerging market entrants from countries with smaller current shares like Lithuania and Iceland.
Top countries in Number of High Growth Enterprises in Cutting, Shaping and Finishing of Stone Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 45.35 | 2023 | +15.85% | +5.55% | View data |
| 2 | 2 Italy | 26.26 | 2023 | +1.85% | -4.98% | View data |
| 3 | 3 Hungary | 12.89 | 2023 | +17.39% | +19.67% | View data |
| 4 | 4 Lithuania | 4.3 | 2023 | 0% | 0% | View data |
| 5 | 5 Czech Republic | 3.34 | 2023 | +16.67% | -4.9% | View data |
| 6 | 6 Romania | 2.39 | 2023 | +25% | +4.56% | View data |
| 7 | 7 Slovakia | 2.39 | 2023 | 0% | +20.11% | View data |
| 8 | 8 Iceland | 0.95 | 2023 | +100% | +14.87% | View data |
| 9 | 9 Norway | 0.48 | 2023 | 0% | View data |
