In 2023, Greece led European fibre crops subsidies with 190.9 million Euros, followed by Spain with 58.54 million Euros, France at 1.54 million Euros, Bulgaria at 0.69 million Euros, and Poland at 0.63 million Euros. Compared to the prior year, Greece saw a 0.68% increase, Poland remained stable, Spain decreased by 0.36%, France rose by 0.39%, and Bulgaria experienced a significant drop of 23.54%. Over the last two years, the subsidies for these countries showed varied trends, reflecting different national policies and economic conditions affecting agricultural support. The Compound Annual Growth Rate (CAGR) over the last five years indicates long-term growth or decline rates for each country.
Future trends to watch in European fibre crops subsidies include potential policy shifts influenced by the European Green Deal, CAP reforms, and climate change considerations. Innovations in sustainable farming practices could also reshape subsidy allocations. Monitoring these changes will be crucial for understanding the evolving landscape of fibre crop subsidies across Europe.
Top countries in Fibre Crops Subsidies by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 190.9 | 2023 | +2.83% | +0.68% | View data |
| 2 | 2 Spain | 58.54 | 2023 | -0.15% | -0.36% | View data |
| 3 | 3 France | 1.54 | 2023 | +0.65% | +0.39% | View data |
| 4 | 4 Bulgaria | 0.69 | 2023 | -31% | -23.54% | View data |
| 5 | 5 Poland | 0.63 | 2023 | +3.28% | 0% | View data |
