Germany leads the European retail market with an output share of €48.84 million, marking a 4.07% year-on-year growth in 2023. Italy follows with €30.5 million, growing by 1.99%. Belgium's retail share increased slightly by 0.7% to €5.9 million, while Ireland grew 3.33% to €3.48 million. Portugal recorded a 1.56% growth at €3.34 million. Finland's share rose by 2.71% to €2.92 million. Slovakia witnessed the highest growth rate of 5.73%, reaching €2.05 million. Croatia, Slovenia, Latvia, and Malta posted positive growth rates of 7.89%, 5.18%, 3.65%, and 3.08% respectively.
Looking ahead, growth in Eastern European retail markets like Slovakia and Croatia is expected to continue due to economic development and increased consumer spending. Germany and Italy maintain stability, but digitalization and sustainability trends might influence future performance. Monitoring e-commerce growth, consumer preferences, and regulatory changes will be crucial for strategic planning.
Top countries in Retail (Except of Motor Vehicles and Motorcycles) Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.84 | 2023 | +3.56% | +4.07% | View data |
| 2 | 2 Italy | 30.5 | 2023 | +4.45% | +1.99% | View data |
| 3 | 3 Belgium | 5.9 | 2023 | +1.03% | +0.7% | View data |
| 4 | 4 Ireland | 3.48 | 2023 | +2.22% | +3.33% | View data |
| 5 | 5 Portugal | 3.34 | 2023 | +1.05% | +1.56% | View data |
| 6 | 6 Finland | 2.92 | 2023 | +2.17% | +2.71% | View data |
| 7 | 7 Slovakia | 2.05 | 2023 | +1.27% | +5.73% | View data |
| 8 | 8 Croatia | 1.29 | 2023 | +5.21% | +7.89% | View data |
| 9 | 9 Slovenia | 0.93 | 2023 | +2.4% | +5.18% | View data |
| 10 | 10 Latvia | 0.56 | 2023 | +2.84% | +3.65% | View data |
