In 2023, the Czech Republic led with 9 gazelles in the paper and paperboard articles sector, followed by Lithuania with 6. Italy, Hungary, and Slovakia trailed behind with 3, 1, and 1 enterprises, respectively. Year-on-year, Lithuania had the highest growth at 43.1%, while Italy experienced a decline of 9.71%. The Czech Republic saw an increase of 12.47%, with Hungary and Slovakia showing no change.
Future trends to watch for include:
- Potential growth in emerging markets like Lithuania due to their recent strong performance.
- Continued innovation and digital transformation in the paper industry to drive the rise of gazelles.
- Possible stagnation or decline in more mature markets like Italy without strategic intervention.
- Policy changes and sustainability shifts in the EU that could impact enterprise growth.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Paper and Paperboard Articles by Country
| # | 5 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 9 | 2023 | +28.57% | +12.47% | View data |
| 2 | 2 Lithuania | 6 | 2023 | +20% | +43.1% | View data |
| 3 | 3 Italy | 3 | 2023 | 0% | -9.71% | View data |
| 4 | 4 Hungary | 1 | 2023 | 0% | 0% | View data |
| 5 | 5 Slovakia | 1 | 2023 | 0% | View data |
