In 2023, Italy led Europe with 72 high growth enterprises in glass and glass products, demonstrating a 5.15% annual increase. Portugal follows with 45 enterprises, albeit a modest 1.39% rise. Hungary's sector grew by 9.24%, reaching 28 enterprises. The Czech Republic saw a slight decline of 0.78%, while Romania and Lithuania fell by 1.73% and 3.58% respectively. Slovakia remained steady, with Latvia experiencing a significant 30.12% contraction. Norway, though small in absolute terms, marked a 14.87% surge.
Going forward, the European glass sector is expected to focus on sustainability innovations and digital technologies. Italy and Hungary's continuous expansion might inspire regional strategies, while the Czech Republic and Romania need revitalization plans.
Top countries in Number of High Growth Enterprises in Glass and Glass Products by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 72 | 2023 | +26.32% | +5.15% | View data |
| 2 | 2 Portugal | 45 | 2023 | +12.5% | +1.39% | View data |
| 3 | 3 Hungary | 28 | 2023 | +21.74% | +9.24% | View data |
| 4 | 4 Czech Republic | 25 | 2023 | +4.17% | -0.78% | View data |
| 5 | 5 Romania | 11 | 2023 | +10% | -1.73% | View data |
| 6 | 6 Slovakia | 7 | 2023 | +16.67% | 0% | View data |
| 7 | 7 Lithuania | 5 | 2023 | -16.67% | -3.58% | View data |
| 8 | 8 Norway | 2 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Latvia | 1 | 2023 | 0% | -30.12% | View data |
