The European cutlery market turnover in 2024 reveals Germany as the largest player with a value of 933.6 million Euros, despite a 5.25% decline in 2023. Italy follows with 416.8 million Euros, showing a strong 9.84% growth. France, with 247.8 million Euros, experienced a slight decrease of 0.48%. Notably, Greece grew by 3.98% to reach 214.7 million Euros, while Spain achieved a marginal increase of 0.98%, totaling 120.3 million Euros. Portugal’s turnover remained stable at 79.1 million Euros. In contrast, the UK saw a slight dip of 0.056% to 35.4 million Euros. Other noteworthy movements include substantial growth in Finland at 7.2%, Romania at 6.4%, and significant jumps in Serbia by 25.99% and Hungary by 10.76%. Conversely, Croatia faced a notable decline of 12.94%.
Future trends to watch include the technological innovations in cutlery production and the rising consumer preference for sustainable products, which could influence turnover significantly. Additionally, the economic stability and consumer spending within these countries will play crucial roles in shaping the market dynamics moving forward.
Top countries in Cutlery Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 933.6 | 2023 | -3.45% | -5.25% | View data |
| 2 | 2 Italy | 416.8 | 2023 | +15.62% | +9.84% | View data |
| 3 | 3 France | 247.8 | 2023 | +1.14% | -0.48% | View data |
| 4 | 4 Greece | 214.7 | 2023 | +5.5% | +3.98% | View data |
| 5 | 5 Spain | 120.3 | 2023 | -3.84% | +0.98% | View data |
| 6 | 6 Portugal | 79.1 | 2023 | +4.22% | 0% | View data |
| 7 | 7 United Kingdom | 35.4 | 2023 | +1.43% | -0.056% | View data |
| 8 | 8 Sweden | 27.9 | 2023 | +1.45% | +1.82% | View data |
| 9 | 9 Belgium | 18.2 | 2023 | +1.11% | +1.98% | View data |
| 10 | 10 Finland | 14.3 | 2023 | +5.93% | +7.2% | View data |
