The European Durable Consumer Goods Turnover Index reveals substantial variations across countries. Remarkably, Montenegro leads the index with 35.51 thousand in 2023, showing a strong year-on-year growth of 27.35% from 2022. Countries like Serbia, Latvia, and Bulgaria also exhibit notable double-digit growth, reflecting robust consumer demand. In contrast, Slovakia is the only country with negative growth at -2.18%, indicating challenges in their durable goods market. High performers overall include Cyprus and Romania, with growth exceeding 10%. Central and Western European countries like Germany and France exhibit modest growth, highlighting a more mature market.
Future trends to monitor involve economic factors and consumer behavior shifts, potentially impacting growth rates. Watch for digital technology integration in sales strategies and potential economic fluctuations across Europe. Sustainability trends may also reshape production and consumption of durable goods, influencing turnover indexes in forthcoming years.
Top countries in Durable Consumer Goods Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Montenegro | 355.1 | 2022 | +6.89% | +27.35% | View data |
| 2 | 2 Serbia | 231.7 | 2022 | +22.2% | +14.01% | View data |
| 3 | 3 Latvia | 221.9 | 2022 | +20.93% | +13.37% | View data |
| 4 | 4 Bulgaria | 213.9 | 2022 | +28.78% | +14.86% | View data |
| 5 | 5 Cyprus | 210.6 | 2022 | +20% | +10.01% | View data |
| 6 | 6 Romania | 202.1 | 2022 | +11.23% | +10.35% | View data |
| 7 | 7 Lithuania | 199.8 | 2022 | +24.1% | +13.49% | View data |
| 8 | 8 Slovenia | 186.7 | 2022 | +31.76% | +11.53% | View data |
| 9 | 9 Poland | 173.4 | 2022 | +9.89% | +9.25% | View data |
| 10 | 10 Croatia | 170.6 | 2022 | +19.72% | +7.6% | View data |
