In 2023, Italy led in European sold production of machinery for the industrial preparation or manufacture of food or drink, including fats or oils, valued at 2.9897 billion Euros. Germany and the Netherlands followed, with 1.9407 and 1.2361 billion Euros respectively. Notable growth was seen in Norway (10.28%), Portugal (6.73%), and Hungary (9.6%). Italy and Denmark saw minor declines, while Ireland and Latvia experienced significant reductions. Lithuania posted the most substantial growth at 28.59%, highlighting its emerging role in the sector.
Future trends to watch include:
- The potential for technological advancements and automation to drive efficiency and increase production capacity across Europe.
- Expansion opportunities in Eastern European countries given their recent growth trends and increasing demand for modern manufacturing equipment.
- Environmental and sustainability considerations influencing machinery design and production processes, impacting overall production trends.
- The effects of the global economic landscape and trade policies on European machinery exports.
Top countries in Sold Production of Machinery for the Industrial Preparation or Manufacture of Food or Drink, Including Fats or Oils by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,989,700,000 | 2023 | +4.31% | -0.0092% | View data |
| 2 | 2 Germany | 1,940,700,000 | 2023 | +1.4% | -2.85% | View data |
| 3 | 3 Netherlands | 1,236,100,000 | 2023 | +1.63% | +0.29% | View data |
| 4 | 4 France | 792,950,000 | 2023 | +2.98% | +2.28% | View data |
| 5 | 5 Spain | 689,180,000 | 2023 | +7.73% | +2.4% | View data |
| 6 | 6 Denmark | 639,680,000 | 2023 | +2.55% | -0.72% | View data |
| 7 | 7 United Kingdom | 229,920,000 | 2023 | -0.67% | -0.44% | View data |
| 8 | 8 Norway | 209,790,000 | 2023 | +8.46% | +10.28% | View data |
| 9 | 9 Poland | 182,780,000 | 2023 | +3.23% | +3.06% | View data |
| 10 | 10 Austria | 181,160,000 | 2023 | +4.32% | -7.57% | View data |
