In 2023, European Output of Food, Beverages, and Tobacco saw diverse trends across countries. France led the region with a significant output of 170.29 Billion Euros, experiencing a moderate year-on-year growth of 1.06%. Austria and Portugal followed, with values of 25.87 Billion Euros and 18.94 Billion Euros, respectively, and noted higher growth rates at 2.67% and 1.42%. Lithuania saw output reach 5.27 Billion Euros with a robust growth rate of 2.83%. Meanwhile, Croatia experienced a slight decline of 0.44%, with an output of 4.51 Billion Euros. Slovenia and Estonia had the smallest outputs at 2.36 Billion Euros and 1.92 Billion Euros, respectively, but both showed positive growth, at rates of 2.57% and 1.8%.
Future trends to watch in the European Output of Food, Beverages, and Tobacco include potential impacts from economic policies, changes in consumer preferences, and advancements in technology. Monitoring sustainability practices and geopolitical dynamics will also be crucial. Overall, an emphasis on quality, innovation, and adaptation to market demands will likely shape the landscape in the coming years.
Top countries in Output of Food, Beverages and Tobacco by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 170,290 | 2023 | +0.91% | +1.06% | View data |
| 2 | 2 Austria | 25,870 | 2023 | +2.31% | +2.67% | View data |
| 3 | 3 Portugal | 18,940 | 2023 | +1.6% | +1.42% | View data |
| 4 | 4 Lithuania | 5,270 | 2023 | +2.08% | +2.83% | View data |
| 5 | 5 Croatia | 4,510 | 2023 | -0.19% | -0.44% | View data |
| 6 | 6 Slovenia | 2,360 | 2023 | +1.95% | +2.57% | View data |
| 7 | 7 Estonia | 1,920 | 2023 | +1.17% | +1.8% | View data |